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zacdabliew

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2021-01-29

$SINGTEL(Z74.SI)$need reddits to pump upthis real hard

2021-06-26

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Alibaba: Can BABA Get Back To $300? Yes, It Can

2021-06-20

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2021-06-28

$CFM HOLDINGS LIMITED(5EB.SI)$gogo 0.10

2021-06-18

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2021-06-17

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2021-06-21

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Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week

2021-06-27

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2021-06-28

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Chinese flock to home-grown brands in golden opportunity for investors

2021-06-25

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2021-06-24

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2021-06-23

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2021-06-20

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Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie

2021-06-15

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2023-02-08

$Online Game(BK4577)$

2021-06-27

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2021-06-22

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href=\"https://ttm.financial/S/BK4577\">$Online Game(BK4577)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/BK4577\">$Online Game(BK4577)$&nbsp;</a>","text":"$Online Game(BK4577)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955752608","isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127520478,"gmtCreate":1624857583594,"gmtModify":1703846360769,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/5EB.SI\">$CFM HOLDINGS LIMITED(5EB.SI)$</a>gogo 0.10","listText":"<a 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0.10","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/127520478","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127135523,"gmtCreate":1624839130562,"gmtModify":1703845743634,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127135523","repostId":"2146000883","repostType":4,"repost":{"id":"2146000883","pubTimestamp":1624836900,"share":"https://ttm.financial/m/news/2146000883?lang=&edition=fundamental","pubTime":"2021-06-28 07:35","market":"us","language":"en","title":"Chinese flock to home-grown brands in golden opportunity for investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000883","media":"StreetInsider","summary":"BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of","content":"<p>BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's Taobao online mall.</p>\n<p>Like with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands https://www.reuters.com/business/retail-consumer/chinese-apps-join-celebs-backlash-against-western-fashion-brands-over-xinjiang-2021-03-26 in the country.</p>\n<p>A surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.</p>\n<p>\"Once you try, you find the quality of local products is as good as foreign products,\" said the 19-year old He, who favours home-grown labels from Carslan eye shadows and Feiyue sneakers to Bestore Co snacks and Miniso homeware.</p>\n<p>Maia Active, a Sequoia Capital-backed athleisure wear maker, said its products were designed based on body measurements of Asian women and, therefore, offered local customers a better fit and more comfort than western counterparts.</p>\n<p>In lockstep with demand, investors too have been pouring funds into local consumer brands this year.</p>\n<p>Chinese consumer firms raised 69.7 billion yuan ($11 billion) from primary market investors in the first five months, more than double the year-earlier amount, according to Cygnus Equity, a Chinese boutique investment bank.</p>\n<p>\"Beauty products, food and beverage brands are the most popular. Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.</p>\n<p>Up to 200 brands are currently seeking new capital from investors, bankers and investors said.</p>\n<p>\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.</p>\n<p>Nayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.</p>\n<p>Weilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.</p>\n<p>Sequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.</p>\n<p>Its fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.</p>\n<p>LOCAL VS GLOBAL</p>\n<p>During JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.</p>\n<p>Chris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.</p>\n<p>\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.</p>\n<p>The recent Xinjiang cotton ban imposed by several global brands including H&amp;M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.</p>\n<p>Shares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.</p>\n<p>Dealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.</p>\n<p>\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese flock to home-grown brands in golden opportunity for investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese flock to home-grown brands in golden opportunity for investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18609148><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18609148\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18609148","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146000883","content_text":"BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's Taobao online mall.\nLike with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands https://www.reuters.com/business/retail-consumer/chinese-apps-join-celebs-backlash-against-western-fashion-brands-over-xinjiang-2021-03-26 in the country.\nA surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.\n\"Once you try, you find the quality of local products is as good as foreign products,\" said the 19-year old He, who favours home-grown labels from Carslan eye shadows and Feiyue sneakers to Bestore Co snacks and Miniso homeware.\nMaia Active, a Sequoia Capital-backed athleisure wear maker, said its products were designed based on body measurements of Asian women and, therefore, offered local customers a better fit and more comfort than western counterparts.\nIn lockstep with demand, investors too have been pouring funds into local consumer brands this year.\nChinese consumer firms raised 69.7 billion yuan ($11 billion) from primary market investors in the first five months, more than double the year-earlier amount, according to Cygnus Equity, a Chinese boutique investment bank.\n\"Beauty products, food and beverage brands are the most popular. Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.\nUp to 200 brands are currently seeking new capital from investors, bankers and investors said.\n\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.\nNayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.\nWeilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.\nSequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.\nIts fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.\nLOCAL VS GLOBAL\nDuring JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.\nChris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.\n\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.\nThe recent Xinjiang cotton ban imposed by several global brands including H&M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.\nShares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.\nDealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.\n\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124872447,"gmtCreate":1624760318389,"gmtModify":1703844579818,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/124872447","repostId":"1137119316","repostType":4,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124872301,"gmtCreate":1624760297303,"gmtModify":1703844579492,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124872301","repostId":"1137119316","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125233312,"gmtCreate":1624674212536,"gmtModify":1703843346830,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125233312","repostId":"1164137597","repostType":4,"repost":{"id":"1164137597","pubTimestamp":1624671774,"share":"https://ttm.financial/m/news/1164137597?lang=&edition=fundamental","pubTime":"2021-06-26 09:42","market":"us","language":"en","title":"Alibaba: Can BABA Get Back To $300? Yes, It Can","url":"https://stock-news.laohu8.com/highlight/detail?id=1164137597","media":"seekingalpha","summary":"The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g","content":"<p><b>Summary</b></p>\n<ul>\n <li>The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.</li>\n <li>The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.</li>\n <li>Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.</li>\n <li>Alibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/814b0a9a0d17977f43665e2eba205b1e\" tg-width=\"1536\" tg-height=\"1024\"><span>Andrew Braun/iStock Editorial via Getty Images</span></p>\n<p>Alibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.</p>\n<p>There are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da7b532f25f563d08490ddc43cbede\" tg-width=\"640\" tg-height=\"337\"><span>(Source: Alibaba)</span></p>\n<p><b>The Alibaba printing press is open for business, and it spits out billions</b></p>\n<p>How many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as&nbsp;Facebook (FB),PepsiCo (PEP),Procter &amp; Gamble (PG),Target (TGT), and&nbsp;Johnson &amp; Johnson (JNJ)&nbsp;are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.</p>\n<p>Since 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.</p>\n<p>BABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates in<i>Warren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:</i></p>\n<blockquote>\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n</blockquote>\n<p>The gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.</p>\n<p>Moving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41a5e036f023fa4ced7666e06aa1de6b\" tg-width=\"640\" tg-height=\"444\"><span>(Source: Alibaba)</span></p>\n<p><b>Alibaba will continue to experience tailwinds as China's population and economy expands</b></p>\n<p>Alibaba&nbsp;achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.</p>\n<p>BABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth&nbsp;has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China&nbsp;is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey&nbsp;predicts&nbsp;that the middle class could expand to 550 million people which is larger than the entire U.S population.</p>\n<p>If the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbde4a092d19118a2d16daabf5c027d7\" tg-width=\"640\" tg-height=\"463\"><span>(Source: Blomberg)</span></p>\n<p><b>Alibaba has tremendous growth prospects in Cloud as China continues its digitization</b></p>\n<p>Cloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from&nbsp;AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.</p>\n<p>In China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in&nbsp;China&nbsp;grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.</p>\n<p>As China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1759b81ce463d503a165d901e2e50d7c\" tg-width=\"640\" tg-height=\"728\"><span>(Source: Canalys)</span></p>\n<p><b>Alibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates</b></p>\n<p>For this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:</p>\n<ul>\n <li>AMZN</li>\n <li>BABA</li>\n <li>GOOGL</li>\n</ul>\n<p>The market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.</p>\n<p><b>Conclusion</b></p>\n<p>It's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Can BABA Get Back To $300? Yes, It Can</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Can BABA Get Back To $300? Yes, It Can\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by...</p>\n\n<a href=\"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164137597","content_text":"Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.\nAlibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.\nAlibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.\n\nAndrew Braun/iStock Editorial via Getty Images\nAlibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.\nThere are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.\n(Source: Alibaba)\nThe Alibaba printing press is open for business, and it spits out billions\nHow many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as Facebook (FB),PepsiCo (PEP),Procter & Gamble (PG),Target (TGT), and Johnson & Johnson (JNJ) are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.\nSince 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.\nBABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates inWarren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:\n\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n\nThe gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.\nMoving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.\n(Source: Alibaba)\nAlibaba will continue to experience tailwinds as China's population and economy expands\nAlibaba achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.\nBABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey predicts that the middle class could expand to 550 million people which is larger than the entire U.S population.\nIf the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.\n(Source: Blomberg)\nAlibaba has tremendous growth prospects in Cloud as China continues its digitization\nCloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.\nIn China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in China grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.\nAs China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.\n(Source: Canalys)\nAlibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates\nFor this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:\n\nAMZN\nBABA\nGOOGL\n\nThe market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.\nConclusion\nIt's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122847632,"gmtCreate":1624613466726,"gmtModify":1703841733535,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122847632","repostId":"2146607806","repostType":4,"repost":{"id":"2146607806","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624611431,"share":"https://ttm.financial/m/news/2146607806?lang=&edition=fundamental","pubTime":"2021-06-25 16:57","market":"sh","language":"en","title":"HK stocks end higher on tech, materials boost; post weekly gains","url":"https://stock-news.laohu8.com/highlight/detail?id=2146607806","media":"Reuters","summary":"HK->Shanghai Connect daily quota used 17.2%, Shanghai->HK daily quota used 5.3%\nHSI +1.4%, HSCE +1.9","content":"<ul>\n <li>HK-&gt;Shanghai Connect daily quota used 17.2%, Shanghai-&gt;HK daily quota used 5.3%</li>\n <li>HSI +1.4%, HSCE +1.9%, CSI300 +1.6%</li>\n <li>FTSE China A50 +1.8%</li>\n</ul>\n<p>June 25 (Reuters) - Hong Kong stocks closed higher on Friday to post weekly gains, as tech and materials companies rose after mainland investors continued to buy shares via the Stock Connect.</p>\n<p>The Hang Seng index ended up 405.76 points or 1.4% at 29,288.22. The Hang Seng China Enterprises index rose 1.88% to 10,878.45.</p>\n<p>Leading the gains, the Hang Seng tech index and the Hang Seng materials index climbed 2.4% and 3.3%, respectively.</p>\n<p>The sub-index of the Hang Seng tracking energy shares&nbsp;rose 1.7%, while the IT sector rose 3.1%, the financial sector ended 0.75% higher and the property sector rose 0.18%.</p>\n<p>The top gainer on the Hang Seng was Meituan, which gained 4.76%, while the biggest loser was Sunny Optical Technology Group Co Ltd , which fell 1.58%.</p>\n<p>For the week, HSI gained 1.8%, while HSCE added 2.2%.</p>\n<p>Federal Reserve Chair Jerome Powell during the week reaffirmed that the U.S. central bank would not raise interest rates too quickly based only on the fear of coming inflation.</p>\n<p>Aiding sentiment was continued buying from mainalnd investors, who purchased a net 5 billion yuan worth of Hong Kong shares on Friday, according to Refinitiv data.</p>\n<p>Meanwhile, the U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights.</p>\n<p>On Thursday, the Biden administration banned U.S. imports of a key solar panel material from China-based Hoshine Silicon Industry Co , but stopped short of imposing a ban on all imports of silica from Xinjiang and said the action would not harm U.S. clean energy goals.</p>\n<p>(Reporting by the Shanghai Newsroom; editing by Uttaresh.V)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HK stocks end higher on tech, materials boost; post weekly gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK stocks end higher on tech, materials boost; post weekly gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 16:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>HK-&gt;Shanghai Connect daily quota used 17.2%, Shanghai-&gt;HK daily quota used 5.3%</li>\n <li>HSI +1.4%, HSCE +1.9%, CSI300 +1.6%</li>\n <li>FTSE China A50 +1.8%</li>\n</ul>\n<p>June 25 (Reuters) - Hong Kong stocks closed higher on Friday to post weekly gains, as tech and materials companies rose after mainland investors continued to buy shares via the Stock Connect.</p>\n<p>The Hang Seng index ended up 405.76 points or 1.4% at 29,288.22. The Hang Seng China Enterprises index rose 1.88% to 10,878.45.</p>\n<p>Leading the gains, the Hang Seng tech index and the Hang Seng materials index climbed 2.4% and 3.3%, respectively.</p>\n<p>The sub-index of the Hang Seng tracking energy shares&nbsp;rose 1.7%, while the IT sector rose 3.1%, the financial sector ended 0.75% higher and the property sector rose 0.18%.</p>\n<p>The top gainer on the Hang Seng was Meituan, which gained 4.76%, while the biggest loser was Sunny Optical Technology Group Co Ltd , which fell 1.58%.</p>\n<p>For the week, HSI gained 1.8%, while HSCE added 2.2%.</p>\n<p>Federal Reserve Chair Jerome Powell during the week reaffirmed that the U.S. central bank would not raise interest rates too quickly based only on the fear of coming inflation.</p>\n<p>Aiding sentiment was continued buying from mainalnd investors, who purchased a net 5 billion yuan worth of Hong Kong shares on Friday, according to Refinitiv data.</p>\n<p>Meanwhile, the U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights.</p>\n<p>On Thursday, the Biden administration banned U.S. imports of a key solar panel material from China-based Hoshine Silicon Industry Co , but stopped short of imposing a ban on all imports of silica from Xinjiang and said the action would not harm U.S. clean energy goals.</p>\n<p>(Reporting by the Shanghai Newsroom; editing by Uttaresh.V)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","03143":"华夏香港银行股","02382":"舜宇光学科技","01024":"快手-W","03690":"美团-W","01918":"融创中国","QNETCN":"纳斯达克中美互联网老虎指数","03968":"招商银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146607806","content_text":"HK->Shanghai Connect daily quota used 17.2%, Shanghai->HK daily quota used 5.3%\nHSI +1.4%, HSCE +1.9%, CSI300 +1.6%\nFTSE China A50 +1.8%\n\nJune 25 (Reuters) - Hong Kong stocks closed higher on Friday to post weekly gains, as tech and materials companies rose after mainland investors continued to buy shares via the Stock Connect.\nThe Hang Seng index ended up 405.76 points or 1.4% at 29,288.22. The Hang Seng China Enterprises index rose 1.88% to 10,878.45.\nLeading the gains, the Hang Seng tech index and the Hang Seng materials index climbed 2.4% and 3.3%, respectively.\nThe sub-index of the Hang Seng tracking energy shares rose 1.7%, while the IT sector rose 3.1%, the financial sector ended 0.75% higher and the property sector rose 0.18%.\nThe top gainer on the Hang Seng was Meituan, which gained 4.76%, while the biggest loser was Sunny Optical Technology Group Co Ltd , which fell 1.58%.\nFor the week, HSI gained 1.8%, while HSCE added 2.2%.\nFederal Reserve Chair Jerome Powell during the week reaffirmed that the U.S. central bank would not raise interest rates too quickly based only on the fear of coming inflation.\nAiding sentiment was continued buying from mainalnd investors, who purchased a net 5 billion yuan worth of Hong Kong shares on Friday, according to Refinitiv data.\nMeanwhile, the U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights.\nOn Thursday, the Biden administration banned U.S. imports of a key solar panel material from China-based Hoshine Silicon Industry Co , but stopped short of imposing a ban on all imports of silica from Xinjiang and said the action would not harm U.S. clean energy goals.\n(Reporting by the Shanghai Newsroom; editing by Uttaresh.V)","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128306077,"gmtCreate":1624500132499,"gmtModify":1703838489341,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128306077","repostId":"1115102727","repostType":4,"repost":{"id":"1115102727","pubTimestamp":1624497577,"share":"https://ttm.financial/m/news/1115102727?lang=&edition=fundamental","pubTime":"2021-06-24 09:19","market":"us","language":"en","title":"Fintech dLocal’s stock soars for sixth session, rising nearly 50% in a week to record high","url":"https://stock-news.laohu8.com/highlight/detail?id=1115102727","media":"seekingalpha","summary":"Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the st","content":"<ul>\n <li>Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the stock up nearly 50% in six sessions to a post-IPO record high.</li>\n <li>Uruguayan-based dLocal, which helps large firms like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)make and accept electronic payments in 29 emerging&nbsp;markets, saw its stock rise to $45.07.</li>\n <li>That represented a 11.3% gain for the day, as well as a 44.7% boost since DLO began six straight sessions of rallying last Wednesday.</li>\n <li><p>All told, dLocal has risen 114.6% from its$21-a-share IPO priceset in early June. The stock has even managed to rise 39.1% from where DLO closed on its first trading day June 3 afterpopping some 54%.</p></li>\n <li>The latest gains apparently came on word that Investor’s Business Daily had added DLO to its IBD 50 Stock List of top growth companies.</li>\n <li>Last week, dLocal also announced a deal with Amazon to make it easier for overseas companies to sell goods on the e-commerce giant’s Brazilian online store and receive payment in U.S. dollars.</li>\n <li>The recent gains give dLocal about a $13.2B market cap.</li>\n <li>The company’s pre-IPO investors included major venture-capital firms like Alkeon Capital, Bond (formerly known as the Kleiner Perkins Digital Growth Fund), General Atlantic and Tiger Global.</li>\n <li>Seeking Alpha contributor Vince Martin recently wrote that“while I'm on the sidelines after the big post-IPO rally … even at this price, growth investors can and should consider DLO.”</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fintech dLocal’s stock soars for sixth session, rising nearly 50% in a week to record high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFintech dLocal’s stock soars for sixth session, rising nearly 50% in a week to record high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3709397-dlocal-stock-soars-for-sixth-session-to-post-ipo-record-high><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the stock up nearly 50% in six sessions to a post-IPO record high.\nUruguayan-based dLocal, which helps ...</p>\n\n<a href=\"https://seekingalpha.com/news/3709397-dlocal-stock-soars-for-sixth-session-to-post-ipo-record-high\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DLO":"DLocal Limited"},"source_url":"https://seekingalpha.com/news/3709397-dlocal-stock-soars-for-sixth-session-to-post-ipo-record-high","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1115102727","content_text":"Fintech dLocal Ltd.(NASDAQ:DLO)soared more than 10% Wednesday, adding to a rally that’s taken the stock up nearly 50% in six sessions to a post-IPO record high.\nUruguayan-based dLocal, which helps large firms like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)make and accept electronic payments in 29 emerging markets, saw its stock rise to $45.07.\nThat represented a 11.3% gain for the day, as well as a 44.7% boost since DLO began six straight sessions of rallying last Wednesday.\nAll told, dLocal has risen 114.6% from its$21-a-share IPO priceset in early June. The stock has even managed to rise 39.1% from where DLO closed on its first trading day June 3 afterpopping some 54%.\nThe latest gains apparently came on word that Investor’s Business Daily had added DLO to its IBD 50 Stock List of top growth companies.\nLast week, dLocal also announced a deal with Amazon to make it easier for overseas companies to sell goods on the e-commerce giant’s Brazilian online store and receive payment in U.S. dollars.\nThe recent gains give dLocal about a $13.2B market cap.\nThe company’s pre-IPO investors included major venture-capital firms like Alkeon Capital, Bond (formerly known as the Kleiner Perkins Digital Growth Fund), General Atlantic and Tiger Global.\nSeeking Alpha contributor Vince Martin recently wrote that“while I'm on the sidelines after the big post-IPO rally … even at this price, growth investors can and should consider DLO.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123095011,"gmtCreate":1624402691533,"gmtModify":1703835400308,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123095011","repostId":"1180651681","repostType":4,"repost":{"id":"1180651681","pubTimestamp":1624374662,"share":"https://ttm.financial/m/news/1180651681?lang=&edition=fundamental","pubTime":"2021-06-22 23:11","market":"us","language":"en","title":"Someone At The Fed Needs To Speak Up To Avoid Committing A Major Policy Error","url":"https://stock-news.laohu8.com/highlight/detail?id=1180651681","media":"zerohedge","summary":"Someone At The Fed Needs To Speak Up To Save Itself From Committing A Major Policy Blunder\nMonetary ","content":"<p><b>Someone At The Fed Needs To Speak Up To Save Itself From Committing A Major Policy Blunder</b></p>\n<p>Monetary policy in 2021 is actively promoting the fast cyclical growth bounce and even welcoming the uptick in inflation. That's in sharp contrast to how the old generation of policymakers confronted a similar cyclical bounce in 1994. Back then, policymakers worked quickly and aggressively to restrain the cyclical expansion, particularly the uptick in inflation.</p>\n<p><i><b>Someone at the Fed needs to speak up to save itself from committing a major policy blunder. Institutional rigidities of transparency and predictability are keeping a policy of easy money for longer than is needed. The current approach puts the economy on a course for a hard landing compared to the soft landing the old generation of policymakers engineered in 1995 when faced with a similar scenario in 1994.</b></i></p>\n<p><u><b>2021 vs. 1994</b></u></p>\n<p>The economy in 2021 has a lot of the same features as in 1994. Both years saw rapid growth and price pressures emerge as headwinds faded. In 2021, the strong rebound reflects the re-opening of the economy helped along with easy money and fiscal stimulus. The catalyst for the rebound in 1994 came from an extended span of easy money and the end of household deleveraging, corporate restructuring, and defense cutbacks.</p>\n<p>2021 rapid growth is faster and broader as it followed a record decline in the prior year. Consensus estimates put Real GDP growth in 2021 in the 6% to 7% range, whereas the increase in 1994 came in at 4%. But the big difference between the two years is inflation.</p>\n<p>Core consumer inflation runs at a 5% annualized rate through the first five months of 2021, whereas inflation peaked at 3% in 1994. Pipeline inflation is more than three times as fast.<b>Core prices for intermediate materials have increased 17% in the past year versus a peak of 5% in 1994.</b></p>\n<p>The current generation of policymakers thinks that the supply and demand in the product markets will at some point \"autocorrect.\" That implies pipeline inflation pressures will disappear as companies raise production levels to meet the higher level of demand without causing any disturbances in the economy. Of course, in reality, a single or two product markets can readjust. But, it is naive to think of multiple product markets, and housing and many parts of the service economy can do so simultaneously.</p>\n<p>Institutional rigidities of transparency and predictability stop policymakers from ending the asset purchase program for housing that everyone agrees is no longer needed. Is that the proper way to conduct monetary policy? Just because policymakers did not tell or inform the financial markets it planned to curtail its asset purchase program, it cannot do so until complete transparency. That makes zero sense.<b>A policy that fuels an unsustainable surge in demand and a rise in house prices that is wrong today will be even more so tomorrow.</b></p>\n<p>In 1994, the old generation of policymakers saw strong ordering and material price increases as evidence that companies needed more inventories to protect production schedules. There have already been examples in 2021 in which companies had to curtail production because of a shortage of parts. Subduing final demand was seen as a necessary condition to break and shorten the cyclical uptick in inflation. Thus, in 1994 policymakers lifted official rates for twelve consecutive months, doubling official rates from 3% to 6%. That ratcheting up of official rates brought about a soft landing in 1995.</p>\n<p><img src=\"https://static.tigerbbs.com/e215035587498373a49afd2e7a1eb321\" tg-width=\"500\" tg-height=\"372\"><b>The current policy stance of zero official rates and asset purchases puts the economy on a different course, with a hard landing a much likelier outcome</b>. Someone at the Fed needs to speak up soon as record monetary accommodation is no longer necessary against a backdrop of fast growth and rising price pressure and, in the process, puts the economy on an unsustainable course that will end badly.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Someone At The Fed Needs To Speak Up To Avoid Committing A Major Policy Error</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSomeone At The Fed Needs To Speak Up To Avoid Committing A Major Policy Error\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 23:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/someone-fed-needs-speak-avoid-committing-major-policy-error?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Someone At The Fed Needs To Speak Up To Save Itself From Committing A Major Policy Blunder\nMonetary policy in 2021 is actively promoting the fast cyclical growth bounce and even welcoming the uptick ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/someone-fed-needs-speak-avoid-committing-major-policy-error?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/someone-fed-needs-speak-avoid-committing-major-policy-error?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180651681","content_text":"Someone At The Fed Needs To Speak Up To Save Itself From Committing A Major Policy Blunder\nMonetary policy in 2021 is actively promoting the fast cyclical growth bounce and even welcoming the uptick in inflation. That's in sharp contrast to how the old generation of policymakers confronted a similar cyclical bounce in 1994. Back then, policymakers worked quickly and aggressively to restrain the cyclical expansion, particularly the uptick in inflation.\nSomeone at the Fed needs to speak up to save itself from committing a major policy blunder. Institutional rigidities of transparency and predictability are keeping a policy of easy money for longer than is needed. The current approach puts the economy on a course for a hard landing compared to the soft landing the old generation of policymakers engineered in 1995 when faced with a similar scenario in 1994.\n2021 vs. 1994\nThe economy in 2021 has a lot of the same features as in 1994. Both years saw rapid growth and price pressures emerge as headwinds faded. In 2021, the strong rebound reflects the re-opening of the economy helped along with easy money and fiscal stimulus. The catalyst for the rebound in 1994 came from an extended span of easy money and the end of household deleveraging, corporate restructuring, and defense cutbacks.\n2021 rapid growth is faster and broader as it followed a record decline in the prior year. Consensus estimates put Real GDP growth in 2021 in the 6% to 7% range, whereas the increase in 1994 came in at 4%. But the big difference between the two years is inflation.\nCore consumer inflation runs at a 5% annualized rate through the first five months of 2021, whereas inflation peaked at 3% in 1994. Pipeline inflation is more than three times as fast.Core prices for intermediate materials have increased 17% in the past year versus a peak of 5% in 1994.\nThe current generation of policymakers thinks that the supply and demand in the product markets will at some point \"autocorrect.\" That implies pipeline inflation pressures will disappear as companies raise production levels to meet the higher level of demand without causing any disturbances in the economy. Of course, in reality, a single or two product markets can readjust. But, it is naive to think of multiple product markets, and housing and many parts of the service economy can do so simultaneously.\nInstitutional rigidities of transparency and predictability stop policymakers from ending the asset purchase program for housing that everyone agrees is no longer needed. Is that the proper way to conduct monetary policy? Just because policymakers did not tell or inform the financial markets it planned to curtail its asset purchase program, it cannot do so until complete transparency. That makes zero sense.A policy that fuels an unsustainable surge in demand and a rise in house prices that is wrong today will be even more so tomorrow.\nIn 1994, the old generation of policymakers saw strong ordering and material price increases as evidence that companies needed more inventories to protect production schedules. There have already been examples in 2021 in which companies had to curtail production because of a shortage of parts. Subduing final demand was seen as a necessary condition to break and shorten the cyclical uptick in inflation. Thus, in 1994 policymakers lifted official rates for twelve consecutive months, doubling official rates from 3% to 6%. That ratcheting up of official rates brought about a soft landing in 1995.\nThe current policy stance of zero official rates and asset purchases puts the economy on a different course, with a hard landing a much likelier outcome. Someone at the Fed needs to speak up soon as record monetary accommodation is no longer necessary against a backdrop of fast growth and rising price pressure and, in the process, puts the economy on an unsustainable course that will end badly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120606426,"gmtCreate":1624320461265,"gmtModify":1703833268302,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120606426","repostId":"2145061039","repostType":4,"repost":{"id":"2145061039","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624316520,"share":"https://ttm.financial/m/news/2145061039?lang=&edition=fundamental","pubTime":"2021-06-22 07:02","market":"us","language":"en","title":"Fed's Powell sees 'sustained improvement' in economy, notable rise in inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2145061039","media":"Reuters","summary":"WASHINGTON, June 21 (Reuters) - The U.S. economy continues to show \"sustained improvement\" from the ","content":"<p>WASHINGTON, June 21 (Reuters) - The U.S. economy continues to show \"sustained improvement\" from the impact of the coronavirus pandemic and ongoing job market gains, but inflation has \"increased notably in recent months,\" Federal Reserve Chair Jerome Powell said in prepared testimony for a congressional hearing on Tuesday.</p>\n<p>Powell did not go into detail in his prepared remarks on current monetary policy, or on the possibility the U.S. central bank may have to speed up its plans to pull back on some support for the economy because of the faster rise in prices.</p>\n<p>In his remarks, which were released by the Fed late Monday afternoon, Powell said he regards the current jump in inflation, in fact, as likely to fade.</p>\n<p>He also restated his concern that the recovery remained uneven, with joblessness still hitting lower-wage workers, Blacks and Hispanics the hardest.</p>\n<p>\"We at the Fed will do everything we can to support the economy for as long as it takes to complete the recovery,\" Powell said.</p>\n<p>Powell is scheduled to testify on Tuesday before the U.S. House of Representatives Select Subcommittee on the Coronavirus Crisis. Its chairman, South Carolina Democrat James Clyburn, chided Powell last year for not more closely tuning Fed emergency programs to workers.</p>\n<p>Powell in his remarks said he felt that jobs gains \"should pick up in coming months\" as COVID-19 vaccinations continue and the reopening of the economy proceeds.</p>\n<p>Still \"the pandemic continues to pose risks,\" he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed's Powell sees 'sustained improvement' in economy, notable rise in inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed's Powell sees 'sustained improvement' in economy, notable rise in inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-22 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 21 (Reuters) - The U.S. economy continues to show \"sustained improvement\" from the impact of the coronavirus pandemic and ongoing job market gains, but inflation has \"increased notably in recent months,\" Federal Reserve Chair Jerome Powell said in prepared testimony for a congressional hearing on Tuesday.</p>\n<p>Powell did not go into detail in his prepared remarks on current monetary policy, or on the possibility the U.S. central bank may have to speed up its plans to pull back on some support for the economy because of the faster rise in prices.</p>\n<p>In his remarks, which were released by the Fed late Monday afternoon, Powell said he regards the current jump in inflation, in fact, as likely to fade.</p>\n<p>He also restated his concern that the recovery remained uneven, with joblessness still hitting lower-wage workers, Blacks and Hispanics the hardest.</p>\n<p>\"We at the Fed will do everything we can to support the economy for as long as it takes to complete the recovery,\" Powell said.</p>\n<p>Powell is scheduled to testify on Tuesday before the U.S. House of Representatives Select Subcommittee on the Coronavirus Crisis. Its chairman, South Carolina Democrat James Clyburn, chided Powell last year for not more closely tuning Fed emergency programs to workers.</p>\n<p>Powell in his remarks said he felt that jobs gains \"should pick up in coming months\" as COVID-19 vaccinations continue and the reopening of the economy proceeds.</p>\n<p>Still \"the pandemic continues to pose risks,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145061039","content_text":"WASHINGTON, June 21 (Reuters) - The U.S. economy continues to show \"sustained improvement\" from the impact of the coronavirus pandemic and ongoing job market gains, but inflation has \"increased notably in recent months,\" Federal Reserve Chair Jerome Powell said in prepared testimony for a congressional hearing on Tuesday.\nPowell did not go into detail in his prepared remarks on current monetary policy, or on the possibility the U.S. central bank may have to speed up its plans to pull back on some support for the economy because of the faster rise in prices.\nIn his remarks, which were released by the Fed late Monday afternoon, Powell said he regards the current jump in inflation, in fact, as likely to fade.\nHe also restated his concern that the recovery remained uneven, with joblessness still hitting lower-wage workers, Blacks and Hispanics the hardest.\n\"We at the Fed will do everything we can to support the economy for as long as it takes to complete the recovery,\" Powell said.\nPowell is scheduled to testify on Tuesday before the U.S. House of Representatives Select Subcommittee on the Coronavirus Crisis. Its chairman, South Carolina Democrat James Clyburn, chided Powell last year for not more closely tuning Fed emergency programs to workers.\nPowell in his remarks said he felt that jobs gains \"should pick up in coming months\" as COVID-19 vaccinations continue and the reopening of the economy proceeds.\nStill \"the pandemic continues to pose risks,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164526389,"gmtCreate":1624230928541,"gmtModify":1703830836371,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164526389","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from&nbsp;Johnson &amp;&nbsp;Johnson,&nbsp;GlaxoSmithKline,and&nbsp;Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson &amp; Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克","FDX":"联邦快递","JNJ":"强生","DRI":"达登饭店"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164370293,"gmtCreate":1624175370212,"gmtModify":1703830189079,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164370293","repostId":"1161408410","repostType":4,"repost":{"id":"1161408410","pubTimestamp":1624065771,"share":"https://ttm.financial/m/news/1161408410?lang=&edition=fundamental","pubTime":"2021-06-19 09:22","market":"us","language":"en","title":"Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408410","media":"benzinga","summary":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers,","content":"<p><i>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.</i></p>\n<p>If you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss:&nbsp;More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.</p>\n<p>Crazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.</p>\n<p>But the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,<b>Eddie Antar.</b></p>\n<p><b>An Audacious Start:</b>Eddie Antar was born in Brooklyn, New York,&nbsp;on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.</p>\n<p>By 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.</p>\n<p>At the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price&nbsp;all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.</p>\n<p>Some manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.</p>\n<p>The stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.</p>\n<p>But how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work&nbsp;enabled them to put their ethics on hold.</p>\n<p>“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”</p>\n<p>Sights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.</p>\n<p>Antar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.</p>\n<p>The co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.</p>\n<p><b>An Advertising Assault:</b>The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion —&nbsp;he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.</p>\n<p>Antar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>Rather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as&nbsp;his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.</p>\n<p>It was through the television commercials&nbsp;Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater —&nbsp;and stood surrounded by displays of the electronics being peddled.</p>\n<p>Each commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.</p>\n<p>Carroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.</p>\n<p>He would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>There would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.</p>\n<p>A couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.</p>\n<p><b>Not So Funny:</b>After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.</p>\n<p>But as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.</p>\n<p>Antar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.</p>\n<p>“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.</p>\n<p>\"People have a certain idea of Crazy Eddie —&nbsp;in reality, it was a dark criminal enterprise.”</p>\n<p>Antar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.</p>\n<p>Eventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable:&nbsp;Antar decided to take Crazy Eddie public.</p>\n<p><b>Hello, Wall Street:</b>Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.</p>\n<p>Two years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.</p>\n<p>Why Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.</p>\n<p>The increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.</p>\n<p>Antar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down —&nbsp;and&nbsp;while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.</p>\n<p>The company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.</p>\n<p>The chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.</p>\n<p>\"By any measure, this is a staggering securities fraud,\" said<b>Michael Chertoff</b>, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.</p>\n<p>By 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.</p>\n<p>Antar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.</p>\n<p>“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”</p>\n<p>In July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.</p>\n<p>Rather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.</p>\n<p><b>The Legend Lives On:</b>Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.</p>\n<p>Several attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.</p>\n<p>In June 2019,<b>Jon Turteltaub</b>, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.</p>\n<p>Many of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.</p>\n<p>Antar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.</p>\n<p>“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408410","content_text":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss: More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.\nCrazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.\nBut the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,Eddie Antar.\nAn Audacious Start:Eddie Antar was born in Brooklyn, New York, on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.\nBy 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.\nAt the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.\nSome manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.\nThe stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.\nBut how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work enabled them to put their ethics on hold.\n“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”\nSights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.\nAntar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.\nThe co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.\nAn Advertising Assault:The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion — he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.\nAntar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie — his prices are in-saaaaaaaaane.”\nRather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.\nIt was through the television commercials Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater — and stood surrounded by displays of the electronics being peddled.\nEach commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.\nCarroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.\nHe would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie — his prices are in-saaaaaaaaane.”\nThere would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.\nA couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.\nNot So Funny:After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.\nBut as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.\nAntar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.\n“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.\n\"People have a certain idea of Crazy Eddie — in reality, it was a dark criminal enterprise.”\nAntar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.\nEventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable: Antar decided to take Crazy Eddie public.\nHello, Wall Street:Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.\nTwo years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.\nWhy Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.\nThe increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.\nAntar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down — and while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.\nThe company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.\nThe chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.\n\"By any measure, this is a staggering securities fraud,\" saidMichael Chertoff, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.\nBy 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.\nAntar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.\n“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”\nIn July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.\nRather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.\nThe Legend Lives On:Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.\nSeveral attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.\nIn June 2019,Jon Turteltaub, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.\nMany of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.\nAntar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.\n“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165229085,"gmtCreate":1624147755947,"gmtModify":1703829319305,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165229085","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168690622,"gmtCreate":1623973212866,"gmtModify":1703824925588,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"okay","listText":"okay","text":"okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168690622","repostId":"2144747476","repostType":4,"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161340179,"gmtCreate":1623906902491,"gmtModify":1703823221041,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161340179","repostId":"1151875977","repostType":4,"repost":{"id":"1151875977","pubTimestamp":1623900744,"share":"https://ttm.financial/m/news/1151875977?lang=&edition=fundamental","pubTime":"2021-06-17 11:32","market":"us","language":"en","title":"Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1151875977","media":"seekingalpha","summary":"Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high","content":"<p><b>Summary</b></p>\n<ul>\n <li>Snowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.</li>\n <li>Snowflake created the concept of the Data Cloud which allows organizations to unify and connect to a single copy of all of their data with ease.</li>\n <li>Every Snowflake account is capable of sharing data in the Snowflake Data Marketplace, which is a concept that is very early on in its lifecycle.</li>\n <li>During&nbsp;Investor Day on June 10, Snowflake revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29)&nbsp;with a long-term operating margin target of 10%.</li>\n <li>Snowflake is a buy but only for very aggressive investors as the valuation assumes a lot of growth.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f629e0a3038cb93bd57cccce00547d\" tg-width=\"768\" tg-height=\"432\"><span>metamorworks/iStock via Getty Images</span></p>\n<p>Last September, Snowflake (NASDAQ:SNOW) began life as a public company after&nbsp;the largest software IPO in history. Snowflake was at the time of its IPO, a unprofitable software company, which is why it was interesting that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) , which normally eschews investing in software or cloud companies actually wound up&nbsp;investing $735 million or 6.1 million Snowflake shares at the $120 IPO price.</p>\n<p>On September 18, 2020, CEO Frank Slootman,in an interview, disclosed that Berkshire's insurance unit has been using Snowflake's services for quite awhile and that might be part of the reason that Berkshire was comfortable enough to invest in Snowflake's stock. The Slootman interview also disclosed that Snowflake's interactions with Berkshire have been through Todd Combs, the CEO of Berkshire holding GEICO. Since Todd Combs also serves as a Berkshire investment manager, he is probably the one directly responsible for the Snowflake investment and not Buffett.</p>\n<p>Salesforce Ventures (NYSE:CRM)&nbsp;also decided to make an investment&nbsp;of more than $500 million in the company at the IPO, as a play on digital transformation and long term cloud adoption. Snowflake's stock soared in the months following its IPO, partially due to investors being interested in the fastest growing of all the fast growing digital transformation plays and partially due to Snowflake receiving the seal of approval from both Berkshire and Salesforce.</p>\n<p>Snowflake finally ended up reached an all time high of $429.00 within the December 8th market session, at which point Snowflake was selling for 245x Sales and was already being called \"The Most Highly Valued Large Cap Company in History\".</p>\n<p>Eventually, due to&nbsp;fears of rising interest rates and inflation, investors began losing enthusiasm for stocks selling at high valuations and nervous investors have since sold Snowflake's stock down to the point where it had reached all time lows of $184.71 per share on May 13. Since, then the stock has risen slightly over 30% and the question now becomes for investors, \"Is Snowflake a buy at current prices, even though, the company still sells for around 85X sales?\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/324a101dce1df05ccb338b782dd193d3\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>This article will go through some of the reasons why many investors are still very infatuated with Snowflake and also go through recent earnings, as well as explain why I consider Snowflake a buy for very aggressive investors.</p>\n<p><b>Snowflake CEO Frank Slootman</b></p>\n<p>Snowflake was founded in July 2012 by two former Oracle (NYSE:ORCL) engineers Benoit Dageville and Thierry Cruanes, along with Marcin Żukowski, co-founder of the Dutch start-up Vectorwise. The first CEO of Snowflake was Mike Speiser, a venture capitalist at Sutter Hill Ventures. In June 2014, Snowflake appointed former Microsoft (NASDAQ:MSFT) executive Bob Muglia as CEO, as the company emerged from stealth mode.</p>\n<p>In May 2019, the company decided to change the leadership team again to Frank Slootman, the retired former CEO of ServiceNow (NASDAQ:NOW), who joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow who joined Snowflake as CFO.</p>\n<p>In an&nbsp;article Beth Kindig wrote for Forbes&nbsp;near the date of the IPO, she indicated that the change of CEOs from Bob Muglia to Frank Slootman likely occurred because of pressure from private investors that wanted leadership from someone that had a proven track record of showing that they could grow an enterprise tech company very quickly and who also could make a successful profitable exit for investors in an IPO. Investors got that type of CEO in Frank Slootman, who has a type of \"Rockstar\" status among CEOs.</p>\n<blockquote>\n “He’s one of the most impressive, most accomplished, most respected CEOs in enterprise tech,” said Asheem Chandna, a software investor at Greylock Partners, which invested in the first two companies Slootman took public, Data Domain (later acquired by EMC and now part ofDell) and ServiceNow. “He’s a take-no-prisoners leader. He can point at a hill and inspire the entire team to follow him to take the hill.”\n</blockquote>\n<blockquote>\n Source:CNBC\n</blockquote>\n<p>Frank Slootman already had a rich history that involved turning around a company called Data Domain, which was detailed in his book “TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story”. When Slootman first took over Data Domain in 2003, the company had no customers, no revenues, and was a few months away from bankruptcy. In six years, Slootman grew Data Domain to the point where it was selling more than all of its competitors combined. Slootman then successfully sold the company to EMC (NYSE:DELL) in 2009 for $2.1 billion and the&nbsp;Data Domain product line has been Dell EMC's flagship platform&nbsp;for backup, archive and disaster recovery ever since.</p>\n<p>Two years later, Slootman took over the CEO role of ServiceNow between 2011 to 2017. Part of Slootman's accomplishments at ServiceNow was guiding the company to a 2012 IPO.</p>\n<p>For individuals that think that&nbsp;the role of the CEO is essential for a company's success, Snowflake has perhaps one of the best CEOs in the tech sector and the presence of CEO Frank Slootman alone, should be reason enough to consider Snowflake as an investment.</p>\n<p><b>The Data Cloud</b></p>\n<p>Snowflake is a cloud native company that offers unlimited storage and compute in the cloud in a manner designed to be flexible and convenient for companies. Snowflake was built with the purpose of replacing legacy&nbsp;data warehouses. The Snowflake platform is essentially a complete redesign and reimagining of data warehouse architecture and technology</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f08eef11f814a575de7b02b82c5f49bb\" tg-width=\"640\" tg-height=\"176\"><span>Source:Snowflake Presentation titled \"A Detailed View Inside Snowflake\"</span></p>\n<p></p>\n<p>The problem with how many companies handle data today, is that they have what is known as a&nbsp;siloed data&nbsp;problem. Siloed data simply means that the same information is often stored in different databases, leading to inconsistencies between data located in different parts of the company. Siloed data also often makes it difficult to join data to gain new insights or have the ability to act quickly on any new data.</p>\n<p>Snowflake gives company's the ability to join all of their data together and eliminate discrepancies between data from different sources, and reduce&nbsp;data latency. With joined data and reduced data latency, comes the ability for companies to use new incoming data quickly and this is a huge driver for Snowflake's business. When companies become Snowflake customers, they often find that what used to take hours or days to go through data now only takes minutes.</p>\n<p>With Snowflake's innovations, data is now moving from an era of simply informing people to driving operations right as the information signals come in with very little latency. No more will important business decisions be done with only anecdotal observation. Business decisions will increasingly be data driven. That is what digital transformation actually means for a business.</p>\n<p>Every business, in order to survive will eventually have to digitally transform and Snowflake is becoming an essential building block for digital transformation. The&nbsp;<b>Data Cloud</b>is the building block of digital transformation and Snowflake is evolving to become the largest independent&nbsp;<b>Data Cloud</b>.</p>\n<p><b>Data Sharing</b></p>\n<p>Anyone that has a Snowflake account is capable of sharing data. Data sharing is about to become an additional important business for Snowflake. Snowflake has already built a Data Marketplace and is on the verge of starting to really monetize it. Just recently,Snowflake announced&nbsp;that it was accelerating data collaboration with more than 500 Listings in the Snowflake Data Marketplace.</p>\n<p>Business will be able to search for what data is being offered on the Data Marketplace with some of the data offers being for free and some data offers for pay. The Snowflake management team expects that in the future, data networking will become frictionless and that today, we are on the beginning edges of a true data exchange network application.</p>\n<p>Snowflake expects data sharing to become a big part of their business moving forward and eventually a big part of any future moat because data sharing can translate into powerful&nbsp;network effects, in that the more businesses use the data sharing through Snowflake's market, the more valuable the Snowflake Data Market will become.</p>\n<p><b>Snowflake Architecture</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f8ac65aba89c4df78926d8b9684c24d\" tg-width=\"640\" tg-height=\"363\"><span>Source:Snowflake Presentationtitled \"A Detailed View Inside Snowflake\"</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8494b11b7683d8c1c9aa35501c234e01\" tg-width=\"640\" tg-height=\"439\"><span>Source:Snowflake User Guide</span></p>\n<p>Snowflake’s novel design consists of three components:</p>\n<ol>\n <li><b>Storage</b>: the persistent storage layer for data stored on Snowflake</li>\n <li><b>Compute</b>: a collection of independent compute resources that execute data processing tasks required for queries. Snowflake also describes this compute as virtual warehouses.</li>\n <li><b>Services</b>: a collection of system services that handle infrastructure, security, metadata, and optimization across the entire Snowflake system</li>\n</ol>\n<p>Snowflake has a decoupled architecture that allows for compute and storage to scale separately. The database storage can be provided from any cloud provider that the customer chooses.</p>\n<p>Query processing or compute takes place in what Snowflake calls virtual warehouses. To simplify things for people that are not data experts, a&nbsp;<b>query</b>&nbsp;is a request for data&nbsp;or information from a database table or combination of tables. Query processing is simply using the compute resources to perform a search for data.</p>\n<p>Snowflake uses massively parallel processing or MPP, in the compute/virtual warehouse setup to process queries.Massively parallel processing&nbsp;is a form of collaborative processing of the same program by two or more processors or in this case virtual warehouses. The advantage of using MPP in the virtual warehouse setup is that the virtual warehouses can access the storage layer independently so as not to compete for compute power.</p>\n<p>Snowflake's virtual warehouses have the ability to access any of the databases in the database storage layer to which they have been granted access, and these virtual warehouses can be created, resized and deleted dynamically as resource needs change. When virtual warehouses execute queries, they transparently and automatically cache data from the database storage layer. Snowflake has the advantage of being able to dynamically bring together the storage, compute and services layers, delivering exactly the resources needed exactly when they are needed, meaning that under a multitude of different usage scenarios, Snowflake is able to dynamically create the right balance of IO, memory, CPU, etc.</p>\n<p>Traditional data warehouse, on the other hand, will often tightly couple the storage, compute, and database services. The disadvantage of doing this is there are performance limitations as the number of workloads and users increase, meaning such a configuration is not very scalable.</p>\n<p>Snowflake's competitors, such as Amazon's (NASDAQ:AMZN) Redshift, for instance, can be disadvantaged when having the compute and storage so tightly coupled, because more often than not more time must be spent manually reconfiguring things, which is a disadvantage.</p>\n<p>One of Snowflake’s&nbsp;unique value propositions&nbsp;is the company’s relatively flexible business model compared to its peers. Snowflake touts this ability on its website:</p>\n<blockquote>\n “Whether you’re a business or technology professional, get the performance, flexibility, and near-infinite scalability to easily load, integrate, analyze and securely share your data.”\n</blockquote>\n<blockquote>\n Source:Snowflake\n</blockquote>\n<p>Snowflake's virtual data warehouse setup where workloads share the same data but can run independently, makes it easier for customers to run smaller workloads. Snowflake management calls this the ability to scale down. When a company joins Snowflake, it does not require a big upfront commitment like it might with other companies. Snowflake allows customers to fully customize their services with an ability to scale down to whatever level is needed. Companies only have to pay for the services they need, instead of having to pay for big bulked up packages containing unnecessary services.</p>\n<p>Snowflake’s competitors, on the other hand, often combine compute, storage and services, then require customers to size and pay based on the largest workload, which can make some data warehouses completely unaffordable or inefficient for some companies.</p>\n<p>Snowflake's documentation&nbsp;claims that the Snowflake data platform is not built on any existing database technology or “big data” software platforms such as&nbsp;Hadoop. Instead, Snowflake combines a completely new SQL query engine with an innovative database architecture natively designed for the cloud. This database and query engine helps Snowflake perform faster queries with fewer errors and costs over competitors.</p>\n<p>I don't want this explanation to get too technical for those not familiar with databases, storage or how the cloud works, so for those that want a more technical explanation of Snowflake's architecture, they can read Snowflake's&nbsp;documentation. or read a&nbsp;Snowflake Presentation&nbsp;titled \"A Detailed View Inside Snowflake\".</p>\n<p><b>C3 AI and Snowflake Partner</b></p>\n<p>Before going through earnings, I wanted to highlight&nbsp;some very recent news&nbsp;of a new collaboration between C3.ai (NYSE:AI) and Snowflake. C3 AI is an enterprise AI software provider that provides a suite that provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.</p>\n<p>This partnership will give companies that currently use Snowflake access to the C3 AI® Suite and pre-built C3 AI applications that include a range of industries and enterprise AI use cases, including AI-based CRM, predictive maintenance, supply network optimization, and fraud detection.</p>\n<blockquote>\n C3.ai's chief product officer, Houman Behzadi, said the partnership \"will create significant time and operational efficiencies for Snowflake's customers and solidify Snowflake as the operational data platform of choice for enterprise AI applications.\"\n</blockquote>\n<blockquote>\n Source: C3.ai's chief product officer, Houman Behzadi -ZDNet\n</blockquote>\n<p><b>Snowflake Q1 FY 2022 Earnings</b></p>\n<p>Snowflake's Q1 FY 2022 remaining performance obligations or RPO was $1.4 billion, representing 206% year-over-year growth. The RPO results reflected more multimillion-dollar relationships with particular strength in the telecom and technology sectors. Of the $1.4 billion in RPO, Snowflake expects approximately 54% to be recognized as revenue in the next 12 months.</p>\n<p>Snowflake defines RPO in its&nbsp;earnings press release&nbsp;as the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.</p>\n<p>RPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears.<b>RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity</b>.</p>\n<p>At the end of Q1, Snowflake had 4,532 total customers. The total number reflects the addition of 393 net new customers in Q1, including three seven-figure new customers. Several of these customer wins might be recognizable names to investors that include Datadog (NASDAQ:DDOG) and Walgreens Boots Alliance (NASDAQ:WBA) and Equifax (NYSE:EFX).</p>\n<p>Snowflake management has stated that they have a strong interest in penetrating more of the largest enterprises globally because they provide the largest opportunity for account expansion. On that note, Snowflake now has 104 customers with trailing 12-month product revenue greater than $1 million, up from 77 last quarter. CFO Michael Scarpelli had some interesting things to say about Snowflake expanding with large customers that shows why the company's products are gaining fans among large enterprises</p>\n<blockquote>\n When we expand within our largest customers, we typically replace more than one solution. In many cases, we replace on-premise and first-generation cloud solutions, and we address new workloads.\n <b>Snowflake creates use cases that were previously impossible</b>. This is what fuels our 168% net revenue retention rate, and we remain confident that our net revenue retention will stay above 160% for the fiscal year.\n</blockquote>\n<blockquote>\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n</blockquote>\n<p>Snowflake's&nbsp;net revenue retention rate of 168% is probably the best&nbsp;number in the SaaS world. Snowflake calculates their net retention number by first specifying a measurement period consisting of the trailing two years from the current period end. Next, Snowflake defines the measurement cohort as the population of customers under capacity contracts that used the platform at any point in the first month of the first year of the measurement period. The net revenue retention is then defined as the quotient obtained by dividing the product revenue from the cohort in the second year of the measurement period by the product revenue from this cohort in the first year of the measurement period.</p>\n<p>So a net retention rate of 168% means that the customer cohort that spent $100 on average in the first year of the measurement period on the Snowflake platform is spending on average $168 in the second year of the measurement period.. Any customer in the cohort that did not use the platform in the second year remains in the calculation and simply contributes zero product revenue in the second year.</p>\n<p>Snowflake grew product and total revenues grew 110% year over year to $229 million. Product revenue grew to $214 million, reflecting strength in Snowflake consumption. Product revenue is a key metric for Snowflake because revenue is recognized based on platform consumption, which is inherently variable at the customers discretion, and not based on the amount and duration of contract terms. Professional services and other revenue was 15 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b09f8c93a8df1f1ad6663d3c88240f18\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>As explained in Snowflake's&nbsp;Q1 FY2022 earnings release, product revenue primarily includes compute, storage, and data transfer resources, which are consumed by customers on Snowflake's platform as a single, integrated offering. Snowflake customers have the ability to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.</p>\n<p>Snowflake's consumption-based business model distinguishes the company from subscription-based SaaS companies that generally recognize revenue ratably over the contract term and may not permit rollover of services. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, Snowflake believes that the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from the platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbf138441130b474d888f2b8c3b6a14d\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Snowflake's Cost of Sales was $97.35 million. Snowflake's overall Gross Profit rose 98.6% to $131.57 million. Overall Gross Margins were 57.47% and on a non-GAAP basis, Snowflake's<b>product</b>gross margin was 72%, up from 66% in the comparable quarter last year<b>.</b></p>\n<p>Favorable cloud service agreements, growing scale across different regions and Snowflake's enterprise customer's success all contributed to steady product gross margin improvements. Management also indicated during the earnings call that in the long term, the product gross margin number could trend upward into the mid 70’s with the help of improved data storage economics. The recent changes to Snowflake’s storage representation of data have resulted in better data compression and reduced storage costs, which help the gross margin.</p>\n<blockquote>\n And the way it [Data Compression] improves margin is because storage becomes more efficient. Storage is a smaller component of the overall mix of the revenue, and compute is the real value of our software that drives more margin. And I will say we did roll this out in April, and you do see some of that coming into an impact on last quarter. But we did say at our IPO, if you remember, we thought we could get to the mid-70s [in product gross margins]. That might feel very good that we'll get to the mid-70s. It's going to take some time.\n</blockquote>\n<blockquote>\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/529eb97bb77469e322f930569f856186\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Total Operating Expenditures were $337.16 Million. Snowflake recorded an Operating Loss of $205.60 Million. Product Operating margin was negative 16%, benefiting from revenue outperformance.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6dbb627575db2043508b5d9184639717\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Snowflake recorded a net loss of $203.22 Million in Q1. Net loss per share attributable to common stockholders, basic and diluted was -$0.70.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61498379509a7d72eac3dc247b9d077b\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Adjusted free cash flow margin was 10% and was positively impacted by strong collections from Q4 bookings and operating margin outperformance. Adjusted free cash flow excludes the $10 million impact of net cash paid or received on both employee and employer payroll tax-related items on employee stock option transactions. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions.</p>\n<p>Free cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Free cash flow was $2.48 million during Q1.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7cff66a7608df26acf8524dc7a00a4e\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>It is important to remember that Snowflake does experience free cash flow seasonality. In fiscal '21, Q1 and Q4 were the strongest free cash flow quarters, while Q2 was the weakest and this pattern is expected to continue in future periods.</p>\n<p><b>Guidance</b></p>\n<p><b>Snowflake Q2 FY2022 Guidance</b></p>\n<p><img src=\"https://static.tigerbbs.com/b22e33efd1f082c777336f7bab0d3926\" tg-width=\"640\" tg-height=\"230\" referrerpolicy=\"no-referrer\"><b>FY 2022 Full Year Guidance</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cd6518f91e69cf59128aedc5da0d0de\" tg-width=\"640\" tg-height=\"262\"><span>Source:Snowflake First Quarter of Fiscal 2022 Press Release</span></p>\n<p><b>Balance Sheet</b></p>\n<p>The company’s balance sheet is healthy, with approximately $3.9 billion in cash, cash equivalents and short-term investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8679600d7e74072382f3e1712f9ef7\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Total Current Liabilities are $777.00 Million. Quick ratio was 5.27. A&nbsp;good quick ratio&nbsp;is any number greater than 1.0. Snowflake has aDebt To Equity ratioof 0.04.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f43b9ae97e48ef789152979917a02a5c\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p><b>Snowflake Investor Day</b></p>\n<p>Snowflake held an&nbsp;Investor Day on June 10th, in which the company revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29), a big rise from fiscal 2021’s $554 million, with a long-term operating margin target of 10%.</p>\n<p>Investors, however, seem to have wanted even more growth&nbsp;as the stock opened around 4% lower the next day. Some analysts like Patrick Colville of Deutsche Bank think&nbsp;guidance is conservative&nbsp;because it implies that Snowflake would only capture about 12% of the $86B data warehouse market estimated for FY29.</p>\n<p>That all goes to show that there are already enormous growth expectations built into this stock because $10 billion in product revenue by the end of 2028 is a fairly ambitious goal.</p>\n<p>One other interesting part of the presentation was that the CFO raised the total addressable market for Snowflake to $90 billion, up from the $81 billion used for the roadshow for the IPO.</p>\n<p><b>Competitors</b></p>\n<p>In addition to database warehouses Druid and Dremio, Snowflake's strongest competitors appear to be the big data warehouse systems from the major cloud players like Amazon's Redshift, Microsoft Azure's Synapse, and Google's Big Query.</p>\n<p>Amazon, Microsoft and Google are all choosing to compete against Snowflake's new ideas in database warehouses by using the time honored tactic of trying to copy as many of Snowflake's features as possible..</p>\n<p>The advantage that Snowflake has over Amazon, Microsoft and Google in those companies trying to play copycat is that those database warehouses don't scale as well across different data sources (namely competing cloud storage services) and the major cloud players are not fully independent database warehouse providers, meaning that in the end, Amazon, Microsoft and Google are trying to lock customers in to as many of their bundled cloud services as possible. Snowflake doesn't care what cloud service a customer uses for services like storage, as Snowflake is truly neutral in the cloud wars, which is very desirable in a&nbsp;multi-cloud world.</p>\n<p>Of all the competitors, Google Big Query is currently the closest competitor to what Snowflake is doing as it also separates storage and compute. The biggest differences between Snowflake and BigQuery comes down to&nbsp;pricing and performance. Beth Kindig, in her article about Snowflake said this about Snowflake vs Big Query:</p>\n<blockquote>\n When it comes to deciding between BigQuery and Snowflake, it can come down to what you do with the database due to pricing structure differences. For instance, Snowflake is a better choice for concurrent users and business intelligence. It’s also a great choice for data-as-a-service, where you might give client access to your data in the form of analytics. BigQuery is perhaps a better choice for ad hoc reporting, where you have occasional complex reports on a quarterly basis or recommendation models and machine learning that require high idle time. Again, these examples are mainly due to pricing structure.\n</blockquote>\n<blockquote>\n Source: Beth Kindig -Forbes article\n</blockquote>\n<p><b>Risks</b></p>\n<p>Snowflake has significant valuation risk, even with the pullback in the stock price from its highs in December. For Snowflake to expand its valuation any further, it is going to require the company to continue posting outstanding growth numbers.</p>\n<p>Secondarily, Snowflake currently only offers their platform on the public clouds provided by AWS, Azure, and GCP, which are also some of the company's primary competitors. Currently, a substantial majority of Snowflake's business is run on the AWS public cloud.</p>\n<p>So, while Snowflake has some competitive advantages over a cloud giant like AWS, there is a risk that AWS or one of the other cloud giants could use the control of their public cloud to embed innovations for competing offerings to Snowflake or bundle competing products together with other cloud services or leverage their public cloud customer relationships to exclude Snowflake from opportunities. The reason why this risk might not play out in the cloud giants favor is that it appears companies are&nbsp;favoring multi-cloud approaches&nbsp;and have little desire in being locked into only one cloud by a bundled product. That is where Snowflake's Switzerland neutral status in the cloud wars provides some protection but not total protection from this risk.</p>\n<p>On another note, though, because the three major cloud players also provides much of the infrastructure for Snowflake's business model, in the future it is completely possible that Snowflake could face the risk of unfavorable pricing for the use of the underlying cloud infrastructure, which could hurt Snowflake's margins.</p>\n<p>Snowflake could also undergo pricing pressure on the services offered to customers, as a company like Amazon could do something like offer discount pricing for competing services to customers and that scenario could also threaten Snowflake's margins over the longer term. Amazon has been known to use that strategy in other areas of their business in the past.</p>\n<p>Another risk is regulatory. Snowflake must comply with evolving privacy and other data related laws. The requirements for following those laws could be expensive and force the company to make adverse changes to the business, with failure to comply with such laws not being much of an option. Examples of these types of laws are General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).</p>\n<p><b>Valuation</b></p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Mkt Cap</td>\n   <td><p>Price/Sales</p></td>\n   <td>Free Cash Flow Margin %</td>\n   <td>EV/Revenues (FWD)</td>\n   <td>Revenue Growth (Y/Y) %</td>\n   <td>Gross Margins %</td>\n   <td>Revenues</td>\n  </tr>\n  <tr>\n   <td><p>Salesforce</p><p>(CRM)</p></td>\n   <td>$222.53B</td>\n   <td>10.30</td>\n   <td>51.27%</td>\n   <td>8.1</td>\n   <td>22.57%</td>\n   <td>73.92%</td>\n   <td>5.96B</td>\n  </tr>\n  <tr>\n   <td>Snowflake (SNOW)</td>\n   <td>$71.25B</td>\n   <td>87.93</td>\n   <td>1.09%</td>\n   <td>60.4</td>\n   <td>110.4%</td>\n   <td>57.47%</td>\n   <td>228.9M</td>\n  </tr>\n  <tr>\n   <td>Okta (OKTA)</td>\n   <td>$34.63B</td>\n   <td>32.59</td>\n   <td>20.99%</td>\n   <td>27.6</td>\n   <td>37.27%</td>\n   <td>73.66%</td>\n   <td>$251M</td>\n  </tr>\n  <tr>\n   <td>MongoDB (MDB)</td>\n   <td>$20.76B</td>\n   <td>32.36</td>\n   <td>5.28%</td>\n   <td>26.8</td>\n   <td>39.38%</td>\n   <td>69.98%</td>\n   <td>$181.7M</td>\n  </tr>\n  <tr>\n   <td>Teradata (TDC)</td>\n   <td>$5.23B</td>\n   <td>2.76</td>\n   <td>21.38%</td>\n   <td>2.7</td>\n   <td>13.13%</td>\n   <td>62.53%</td>\n   <td>491M</td>\n  </tr>\n </tbody>\n</table>\n<p>Two things are very obvious about the above company comparisons. One is that Snowflake, even with substantial pullback from its all time highs in December is very highly valued on a Price to Sales basis. Second, is that Snowflake was still growing triple digits in the latest quarter, which is pretty amazing.</p>\n<p>On the other hand, investors were not impressed by the guidance given during earnings, nor were they impressed by Snowflake's long term projections given during their recent Investor Day. One thing is for sure, for investors to bid Snowflake's stock up further, the company will have to keep producingmind boggling growth numbers.</p>\n<p>The following is based on 26 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $292.12 with a high forecast of $515.00 and a low forecast of $240.60. The average price target represents a 21.41% from the last price of $240.60.</p>\n<p><img src=\"https://static.tigerbbs.com/007fe75a78c7835e52d8edf8bc7f6bed\" tg-width=\"499\" tg-height=\"405\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Conclusion</b></p>\n<p>Snowflake is a stock that has very high expectations built into the stock price. The latest earnings and guidance, plus the latest investor day were not enough to get investors excited about pushing the value of the stock much further than it is now.</p>\n<p>However, I think that with a company like Snowflake, one has to take a much longer view than simply looking at one quarter's metrics. I believe it is appropriate to take at least a five year view with this company to see that the future is likely very bright. I believe Snowflake is being very conservative with their long term projections given during Investor Day and if that should prove to be the case, we all might look back several years from now and see with the benefit of hindsight that the stock was actually undervalued.</p>\n<p>I believe that the idea of a Data Cloud and a Data Marketplace are very, very early in the product life cycle and that Snowflake is at the beginning of a strong run of customer and revenue growth over the next several years. Snowflake is a buy but only for&nbsp;<b>veryaggressive investors</b>&nbsp;because there is already a lot of growth embedded in Snowflake's valuation and if the company fails to produce that expected growth, then the stock could drop rapidly.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnowflake: A Very Aggressive Bet On The Future Of The Data Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.\nSnowflake created the concept of the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake"},"source_url":"https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151875977","content_text":"Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.\nSnowflake created the concept of the Data Cloud which allows organizations to unify and connect to a single copy of all of their data with ease.\nEvery Snowflake account is capable of sharing data in the Snowflake Data Marketplace, which is a concept that is very early on in its lifecycle.\nDuring Investor Day on June 10, Snowflake revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29) with a long-term operating margin target of 10%.\nSnowflake is a buy but only for very aggressive investors as the valuation assumes a lot of growth.\n\nmetamorworks/iStock via Getty Images\nLast September, Snowflake (NASDAQ:SNOW) began life as a public company after the largest software IPO in history. Snowflake was at the time of its IPO, a unprofitable software company, which is why it was interesting that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) , which normally eschews investing in software or cloud companies actually wound up investing $735 million or 6.1 million Snowflake shares at the $120 IPO price.\nOn September 18, 2020, CEO Frank Slootman,in an interview, disclosed that Berkshire's insurance unit has been using Snowflake's services for quite awhile and that might be part of the reason that Berkshire was comfortable enough to invest in Snowflake's stock. The Slootman interview also disclosed that Snowflake's interactions with Berkshire have been through Todd Combs, the CEO of Berkshire holding GEICO. Since Todd Combs also serves as a Berkshire investment manager, he is probably the one directly responsible for the Snowflake investment and not Buffett.\nSalesforce Ventures (NYSE:CRM) also decided to make an investment of more than $500 million in the company at the IPO, as a play on digital transformation and long term cloud adoption. Snowflake's stock soared in the months following its IPO, partially due to investors being interested in the fastest growing of all the fast growing digital transformation plays and partially due to Snowflake receiving the seal of approval from both Berkshire and Salesforce.\nSnowflake finally ended up reached an all time high of $429.00 within the December 8th market session, at which point Snowflake was selling for 245x Sales and was already being called \"The Most Highly Valued Large Cap Company in History\".\nEventually, due to fears of rising interest rates and inflation, investors began losing enthusiasm for stocks selling at high valuations and nervous investors have since sold Snowflake's stock down to the point where it had reached all time lows of $184.71 per share on May 13. Since, then the stock has risen slightly over 30% and the question now becomes for investors, \"Is Snowflake a buy at current prices, even though, the company still sells for around 85X sales?\"\nData by YCharts\nThis article will go through some of the reasons why many investors are still very infatuated with Snowflake and also go through recent earnings, as well as explain why I consider Snowflake a buy for very aggressive investors.\nSnowflake CEO Frank Slootman\nSnowflake was founded in July 2012 by two former Oracle (NYSE:ORCL) engineers Benoit Dageville and Thierry Cruanes, along with Marcin Żukowski, co-founder of the Dutch start-up Vectorwise. The first CEO of Snowflake was Mike Speiser, a venture capitalist at Sutter Hill Ventures. In June 2014, Snowflake appointed former Microsoft (NASDAQ:MSFT) executive Bob Muglia as CEO, as the company emerged from stealth mode.\nIn May 2019, the company decided to change the leadership team again to Frank Slootman, the retired former CEO of ServiceNow (NASDAQ:NOW), who joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow who joined Snowflake as CFO.\nIn an article Beth Kindig wrote for Forbes near the date of the IPO, she indicated that the change of CEOs from Bob Muglia to Frank Slootman likely occurred because of pressure from private investors that wanted leadership from someone that had a proven track record of showing that they could grow an enterprise tech company very quickly and who also could make a successful profitable exit for investors in an IPO. Investors got that type of CEO in Frank Slootman, who has a type of \"Rockstar\" status among CEOs.\n\n “He’s one of the most impressive, most accomplished, most respected CEOs in enterprise tech,” said Asheem Chandna, a software investor at Greylock Partners, which invested in the first two companies Slootman took public, Data Domain (later acquired by EMC and now part ofDell) and ServiceNow. “He’s a take-no-prisoners leader. He can point at a hill and inspire the entire team to follow him to take the hill.”\n\n\n Source:CNBC\n\nFrank Slootman already had a rich history that involved turning around a company called Data Domain, which was detailed in his book “TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story”. When Slootman first took over Data Domain in 2003, the company had no customers, no revenues, and was a few months away from bankruptcy. In six years, Slootman grew Data Domain to the point where it was selling more than all of its competitors combined. Slootman then successfully sold the company to EMC (NYSE:DELL) in 2009 for $2.1 billion and the Data Domain product line has been Dell EMC's flagship platform for backup, archive and disaster recovery ever since.\nTwo years later, Slootman took over the CEO role of ServiceNow between 2011 to 2017. Part of Slootman's accomplishments at ServiceNow was guiding the company to a 2012 IPO.\nFor individuals that think that the role of the CEO is essential for a company's success, Snowflake has perhaps one of the best CEOs in the tech sector and the presence of CEO Frank Slootman alone, should be reason enough to consider Snowflake as an investment.\nThe Data Cloud\nSnowflake is a cloud native company that offers unlimited storage and compute in the cloud in a manner designed to be flexible and convenient for companies. Snowflake was built with the purpose of replacing legacy data warehouses. The Snowflake platform is essentially a complete redesign and reimagining of data warehouse architecture and technology\nSource:Snowflake Presentation titled \"A Detailed View Inside Snowflake\"\n\nThe problem with how many companies handle data today, is that they have what is known as a siloed data problem. Siloed data simply means that the same information is often stored in different databases, leading to inconsistencies between data located in different parts of the company. Siloed data also often makes it difficult to join data to gain new insights or have the ability to act quickly on any new data.\nSnowflake gives company's the ability to join all of their data together and eliminate discrepancies between data from different sources, and reduce data latency. With joined data and reduced data latency, comes the ability for companies to use new incoming data quickly and this is a huge driver for Snowflake's business. When companies become Snowflake customers, they often find that what used to take hours or days to go through data now only takes minutes.\nWith Snowflake's innovations, data is now moving from an era of simply informing people to driving operations right as the information signals come in with very little latency. No more will important business decisions be done with only anecdotal observation. Business decisions will increasingly be data driven. That is what digital transformation actually means for a business.\nEvery business, in order to survive will eventually have to digitally transform and Snowflake is becoming an essential building block for digital transformation. The Data Cloudis the building block of digital transformation and Snowflake is evolving to become the largest independent Data Cloud.\nData Sharing\nAnyone that has a Snowflake account is capable of sharing data. Data sharing is about to become an additional important business for Snowflake. Snowflake has already built a Data Marketplace and is on the verge of starting to really monetize it. Just recently,Snowflake announced that it was accelerating data collaboration with more than 500 Listings in the Snowflake Data Marketplace.\nBusiness will be able to search for what data is being offered on the Data Marketplace with some of the data offers being for free and some data offers for pay. The Snowflake management team expects that in the future, data networking will become frictionless and that today, we are on the beginning edges of a true data exchange network application.\nSnowflake expects data sharing to become a big part of their business moving forward and eventually a big part of any future moat because data sharing can translate into powerful network effects, in that the more businesses use the data sharing through Snowflake's market, the more valuable the Snowflake Data Market will become.\nSnowflake Architecture\nSource:Snowflake Presentationtitled \"A Detailed View Inside Snowflake\"\nSource:Snowflake User Guide\nSnowflake’s novel design consists of three components:\n\nStorage: the persistent storage layer for data stored on Snowflake\nCompute: a collection of independent compute resources that execute data processing tasks required for queries. Snowflake also describes this compute as virtual warehouses.\nServices: a collection of system services that handle infrastructure, security, metadata, and optimization across the entire Snowflake system\n\nSnowflake has a decoupled architecture that allows for compute and storage to scale separately. The database storage can be provided from any cloud provider that the customer chooses.\nQuery processing or compute takes place in what Snowflake calls virtual warehouses. To simplify things for people that are not data experts, a query is a request for data or information from a database table or combination of tables. Query processing is simply using the compute resources to perform a search for data.\nSnowflake uses massively parallel processing or MPP, in the compute/virtual warehouse setup to process queries.Massively parallel processing is a form of collaborative processing of the same program by two or more processors or in this case virtual warehouses. The advantage of using MPP in the virtual warehouse setup is that the virtual warehouses can access the storage layer independently so as not to compete for compute power.\nSnowflake's virtual warehouses have the ability to access any of the databases in the database storage layer to which they have been granted access, and these virtual warehouses can be created, resized and deleted dynamically as resource needs change. When virtual warehouses execute queries, they transparently and automatically cache data from the database storage layer. Snowflake has the advantage of being able to dynamically bring together the storage, compute and services layers, delivering exactly the resources needed exactly when they are needed, meaning that under a multitude of different usage scenarios, Snowflake is able to dynamically create the right balance of IO, memory, CPU, etc.\nTraditional data warehouse, on the other hand, will often tightly couple the storage, compute, and database services. The disadvantage of doing this is there are performance limitations as the number of workloads and users increase, meaning such a configuration is not very scalable.\nSnowflake's competitors, such as Amazon's (NASDAQ:AMZN) Redshift, for instance, can be disadvantaged when having the compute and storage so tightly coupled, because more often than not more time must be spent manually reconfiguring things, which is a disadvantage.\nOne of Snowflake’s unique value propositions is the company’s relatively flexible business model compared to its peers. Snowflake touts this ability on its website:\n\n “Whether you’re a business or technology professional, get the performance, flexibility, and near-infinite scalability to easily load, integrate, analyze and securely share your data.”\n\n\n Source:Snowflake\n\nSnowflake's virtual data warehouse setup where workloads share the same data but can run independently, makes it easier for customers to run smaller workloads. Snowflake management calls this the ability to scale down. When a company joins Snowflake, it does not require a big upfront commitment like it might with other companies. Snowflake allows customers to fully customize their services with an ability to scale down to whatever level is needed. Companies only have to pay for the services they need, instead of having to pay for big bulked up packages containing unnecessary services.\nSnowflake’s competitors, on the other hand, often combine compute, storage and services, then require customers to size and pay based on the largest workload, which can make some data warehouses completely unaffordable or inefficient for some companies.\nSnowflake's documentation claims that the Snowflake data platform is not built on any existing database technology or “big data” software platforms such as Hadoop. Instead, Snowflake combines a completely new SQL query engine with an innovative database architecture natively designed for the cloud. This database and query engine helps Snowflake perform faster queries with fewer errors and costs over competitors.\nI don't want this explanation to get too technical for those not familiar with databases, storage or how the cloud works, so for those that want a more technical explanation of Snowflake's architecture, they can read Snowflake's documentation. or read a Snowflake Presentation titled \"A Detailed View Inside Snowflake\".\nC3 AI and Snowflake Partner\nBefore going through earnings, I wanted to highlight some very recent news of a new collaboration between C3.ai (NYSE:AI) and Snowflake. C3 AI is an enterprise AI software provider that provides a suite that provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.\nThis partnership will give companies that currently use Snowflake access to the C3 AI® Suite and pre-built C3 AI applications that include a range of industries and enterprise AI use cases, including AI-based CRM, predictive maintenance, supply network optimization, and fraud detection.\n\n C3.ai's chief product officer, Houman Behzadi, said the partnership \"will create significant time and operational efficiencies for Snowflake's customers and solidify Snowflake as the operational data platform of choice for enterprise AI applications.\"\n\n\n Source: C3.ai's chief product officer, Houman Behzadi -ZDNet\n\nSnowflake Q1 FY 2022 Earnings\nSnowflake's Q1 FY 2022 remaining performance obligations or RPO was $1.4 billion, representing 206% year-over-year growth. The RPO results reflected more multimillion-dollar relationships with particular strength in the telecom and technology sectors. Of the $1.4 billion in RPO, Snowflake expects approximately 54% to be recognized as revenue in the next 12 months.\nSnowflake defines RPO in its earnings press release as the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.\nRPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears.RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity.\nAt the end of Q1, Snowflake had 4,532 total customers. The total number reflects the addition of 393 net new customers in Q1, including three seven-figure new customers. Several of these customer wins might be recognizable names to investors that include Datadog (NASDAQ:DDOG) and Walgreens Boots Alliance (NASDAQ:WBA) and Equifax (NYSE:EFX).\nSnowflake management has stated that they have a strong interest in penetrating more of the largest enterprises globally because they provide the largest opportunity for account expansion. On that note, Snowflake now has 104 customers with trailing 12-month product revenue greater than $1 million, up from 77 last quarter. CFO Michael Scarpelli had some interesting things to say about Snowflake expanding with large customers that shows why the company's products are gaining fans among large enterprises\n\n When we expand within our largest customers, we typically replace more than one solution. In many cases, we replace on-premise and first-generation cloud solutions, and we address new workloads.\n Snowflake creates use cases that were previously impossible. This is what fuels our 168% net revenue retention rate, and we remain confident that our net revenue retention will stay above 160% for the fiscal year.\n\n\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n\nSnowflake's net revenue retention rate of 168% is probably the best number in the SaaS world. Snowflake calculates their net retention number by first specifying a measurement period consisting of the trailing two years from the current period end. Next, Snowflake defines the measurement cohort as the population of customers under capacity contracts that used the platform at any point in the first month of the first year of the measurement period. The net revenue retention is then defined as the quotient obtained by dividing the product revenue from the cohort in the second year of the measurement period by the product revenue from this cohort in the first year of the measurement period.\nSo a net retention rate of 168% means that the customer cohort that spent $100 on average in the first year of the measurement period on the Snowflake platform is spending on average $168 in the second year of the measurement period.. Any customer in the cohort that did not use the platform in the second year remains in the calculation and simply contributes zero product revenue in the second year.\nSnowflake grew product and total revenues grew 110% year over year to $229 million. Product revenue grew to $214 million, reflecting strength in Snowflake consumption. Product revenue is a key metric for Snowflake because revenue is recognized based on platform consumption, which is inherently variable at the customers discretion, and not based on the amount and duration of contract terms. Professional services and other revenue was 15 million.\nData by YCharts\nAs explained in Snowflake's Q1 FY2022 earnings release, product revenue primarily includes compute, storage, and data transfer resources, which are consumed by customers on Snowflake's platform as a single, integrated offering. Snowflake customers have the ability to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.\nSnowflake's consumption-based business model distinguishes the company from subscription-based SaaS companies that generally recognize revenue ratably over the contract term and may not permit rollover of services. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, Snowflake believes that the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from the platform.\nData by YCharts\nSnowflake's Cost of Sales was $97.35 million. Snowflake's overall Gross Profit rose 98.6% to $131.57 million. Overall Gross Margins were 57.47% and on a non-GAAP basis, Snowflake'sproductgross margin was 72%, up from 66% in the comparable quarter last year.\nFavorable cloud service agreements, growing scale across different regions and Snowflake's enterprise customer's success all contributed to steady product gross margin improvements. Management also indicated during the earnings call that in the long term, the product gross margin number could trend upward into the mid 70’s with the help of improved data storage economics. The recent changes to Snowflake’s storage representation of data have resulted in better data compression and reduced storage costs, which help the gross margin.\n\n And the way it [Data Compression] improves margin is because storage becomes more efficient. Storage is a smaller component of the overall mix of the revenue, and compute is the real value of our software that drives more margin. And I will say we did roll this out in April, and you do see some of that coming into an impact on last quarter. But we did say at our IPO, if you remember, we thought we could get to the mid-70s [in product gross margins]. That might feel very good that we'll get to the mid-70s. It's going to take some time.\n\n\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n\nData by YCharts\nTotal Operating Expenditures were $337.16 Million. Snowflake recorded an Operating Loss of $205.60 Million. Product Operating margin was negative 16%, benefiting from revenue outperformance.\nData by YCharts\nSnowflake recorded a net loss of $203.22 Million in Q1. Net loss per share attributable to common stockholders, basic and diluted was -$0.70.\nData by YCharts\nAdjusted free cash flow margin was 10% and was positively impacted by strong collections from Q4 bookings and operating margin outperformance. Adjusted free cash flow excludes the $10 million impact of net cash paid or received on both employee and employer payroll tax-related items on employee stock option transactions. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions.\nFree cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Free cash flow was $2.48 million during Q1.\nData by YCharts\nIt is important to remember that Snowflake does experience free cash flow seasonality. In fiscal '21, Q1 and Q4 were the strongest free cash flow quarters, while Q2 was the weakest and this pattern is expected to continue in future periods.\nGuidance\nSnowflake Q2 FY2022 Guidance\nFY 2022 Full Year Guidance\nSource:Snowflake First Quarter of Fiscal 2022 Press Release\nBalance Sheet\nThe company’s balance sheet is healthy, with approximately $3.9 billion in cash, cash equivalents and short-term investments.\nData by YCharts\nTotal Current Liabilities are $777.00 Million. Quick ratio was 5.27. A good quick ratio is any number greater than 1.0. Snowflake has aDebt To Equity ratioof 0.04.\nData by YCharts\nSnowflake Investor Day\nSnowflake held an Investor Day on June 10th, in which the company revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29), a big rise from fiscal 2021’s $554 million, with a long-term operating margin target of 10%.\nInvestors, however, seem to have wanted even more growth as the stock opened around 4% lower the next day. Some analysts like Patrick Colville of Deutsche Bank think guidance is conservative because it implies that Snowflake would only capture about 12% of the $86B data warehouse market estimated for FY29.\nThat all goes to show that there are already enormous growth expectations built into this stock because $10 billion in product revenue by the end of 2028 is a fairly ambitious goal.\nOne other interesting part of the presentation was that the CFO raised the total addressable market for Snowflake to $90 billion, up from the $81 billion used for the roadshow for the IPO.\nCompetitors\nIn addition to database warehouses Druid and Dremio, Snowflake's strongest competitors appear to be the big data warehouse systems from the major cloud players like Amazon's Redshift, Microsoft Azure's Synapse, and Google's Big Query.\nAmazon, Microsoft and Google are all choosing to compete against Snowflake's new ideas in database warehouses by using the time honored tactic of trying to copy as many of Snowflake's features as possible..\nThe advantage that Snowflake has over Amazon, Microsoft and Google in those companies trying to play copycat is that those database warehouses don't scale as well across different data sources (namely competing cloud storage services) and the major cloud players are not fully independent database warehouse providers, meaning that in the end, Amazon, Microsoft and Google are trying to lock customers in to as many of their bundled cloud services as possible. Snowflake doesn't care what cloud service a customer uses for services like storage, as Snowflake is truly neutral in the cloud wars, which is very desirable in a multi-cloud world.\nOf all the competitors, Google Big Query is currently the closest competitor to what Snowflake is doing as it also separates storage and compute. The biggest differences between Snowflake and BigQuery comes down to pricing and performance. Beth Kindig, in her article about Snowflake said this about Snowflake vs Big Query:\n\n When it comes to deciding between BigQuery and Snowflake, it can come down to what you do with the database due to pricing structure differences. For instance, Snowflake is a better choice for concurrent users and business intelligence. It’s also a great choice for data-as-a-service, where you might give client access to your data in the form of analytics. BigQuery is perhaps a better choice for ad hoc reporting, where you have occasional complex reports on a quarterly basis or recommendation models and machine learning that require high idle time. Again, these examples are mainly due to pricing structure.\n\n\n Source: Beth Kindig -Forbes article\n\nRisks\nSnowflake has significant valuation risk, even with the pullback in the stock price from its highs in December. For Snowflake to expand its valuation any further, it is going to require the company to continue posting outstanding growth numbers.\nSecondarily, Snowflake currently only offers their platform on the public clouds provided by AWS, Azure, and GCP, which are also some of the company's primary competitors. Currently, a substantial majority of Snowflake's business is run on the AWS public cloud.\nSo, while Snowflake has some competitive advantages over a cloud giant like AWS, there is a risk that AWS or one of the other cloud giants could use the control of their public cloud to embed innovations for competing offerings to Snowflake or bundle competing products together with other cloud services or leverage their public cloud customer relationships to exclude Snowflake from opportunities. The reason why this risk might not play out in the cloud giants favor is that it appears companies are favoring multi-cloud approaches and have little desire in being locked into only one cloud by a bundled product. That is where Snowflake's Switzerland neutral status in the cloud wars provides some protection but not total protection from this risk.\nOn another note, though, because the three major cloud players also provides much of the infrastructure for Snowflake's business model, in the future it is completely possible that Snowflake could face the risk of unfavorable pricing for the use of the underlying cloud infrastructure, which could hurt Snowflake's margins.\nSnowflake could also undergo pricing pressure on the services offered to customers, as a company like Amazon could do something like offer discount pricing for competing services to customers and that scenario could also threaten Snowflake's margins over the longer term. Amazon has been known to use that strategy in other areas of their business in the past.\nAnother risk is regulatory. Snowflake must comply with evolving privacy and other data related laws. The requirements for following those laws could be expensive and force the company to make adverse changes to the business, with failure to comply with such laws not being much of an option. Examples of these types of laws are General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).\nValuation\n\n\n\nCompany\nMkt Cap\nPrice/Sales\nFree Cash Flow Margin %\nEV/Revenues (FWD)\nRevenue Growth (Y/Y) %\nGross Margins %\nRevenues\n\n\nSalesforce(CRM)\n$222.53B\n10.30\n51.27%\n8.1\n22.57%\n73.92%\n5.96B\n\n\nSnowflake (SNOW)\n$71.25B\n87.93\n1.09%\n60.4\n110.4%\n57.47%\n228.9M\n\n\nOkta (OKTA)\n$34.63B\n32.59\n20.99%\n27.6\n37.27%\n73.66%\n$251M\n\n\nMongoDB (MDB)\n$20.76B\n32.36\n5.28%\n26.8\n39.38%\n69.98%\n$181.7M\n\n\nTeradata (TDC)\n$5.23B\n2.76\n21.38%\n2.7\n13.13%\n62.53%\n491M\n\n\n\nTwo things are very obvious about the above company comparisons. One is that Snowflake, even with substantial pullback from its all time highs in December is very highly valued on a Price to Sales basis. Second, is that Snowflake was still growing triple digits in the latest quarter, which is pretty amazing.\nOn the other hand, investors were not impressed by the guidance given during earnings, nor were they impressed by Snowflake's long term projections given during their recent Investor Day. One thing is for sure, for investors to bid Snowflake's stock up further, the company will have to keep producingmind boggling growth numbers.\nThe following is based on 26 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $292.12 with a high forecast of $515.00 and a low forecast of $240.60. The average price target represents a 21.41% from the last price of $240.60.\n\nConclusion\nSnowflake is a stock that has very high expectations built into the stock price. The latest earnings and guidance, plus the latest investor day were not enough to get investors excited about pushing the value of the stock much further than it is now.\nHowever, I think that with a company like Snowflake, one has to take a much longer view than simply looking at one quarter's metrics. I believe it is appropriate to take at least a five year view with this company to see that the future is likely very bright. I believe Snowflake is being very conservative with their long term projections given during Investor Day and if that should prove to be the case, we all might look back several years from now and see with the benefit of hindsight that the stock was actually undervalued.\nI believe that the idea of a Data Cloud and a Data Marketplace are very, very early in the product life cycle and that Snowflake is at the beginning of a strong run of customer and revenue growth over the next several years. Snowflake is a buy but only for veryaggressive investors because there is already a lot of growth embedded in Snowflake's valuation and if the company fails to produce that expected growth, then the stock could drop rapidly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184603540,"gmtCreate":1623711412680,"gmtModify":1704209061660,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184603540","repostId":"2143787703","repostType":4,"repost":{"id":"2143787703","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1623678327,"share":"https://ttm.financial/m/news/2143787703?lang=&edition=fundamental","pubTime":"2021-06-14 21:45","market":"us","language":"en","title":"Recon Technology Announces Pricing Of $55 Mln Registered Direct Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2143787703","media":"T-Reuters","summary":"Recon Technology Ltd:Recon Technology Announces Pricing Of $55.0 Million Registered Direct Offering.","content":"<p>Recon Technology Ltd:Recon Technology Announces Pricing Of $55.0 Million Registered Direct Offering.Recon Technology - Agreed To Sell 8.8 Million Class A Ordinary Shares Or Pre-Funded Warrants In Lieu Thereof.Recon Technology Ltd - Agreed To Sell Warrants To Purchase Up To 8.8 Million Class A Ordinary Shares In A Concurrent Private Placement Transaction.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Recon Technology Announces Pricing Of $55 Mln Registered Direct Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRecon Technology Announces Pricing Of $55 Mln Registered Direct Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-06-14 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Recon Technology Ltd:Recon Technology Announces Pricing Of $55.0 Million Registered Direct Offering.Recon Technology - Agreed To Sell 8.8 Million Class A Ordinary Shares Or Pre-Funded Warrants In Lieu Thereof.Recon Technology Ltd - Agreed To Sell Warrants To Purchase Up To 8.8 Million Class A Ordinary Shares In A Concurrent Private Placement Transaction.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RCON":"研控科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143787703","content_text":"Recon Technology Ltd:Recon Technology Announces Pricing Of $55.0 Million Registered Direct Offering.Recon Technology - Agreed To Sell 8.8 Million Class A Ordinary Shares Or Pre-Funded Warrants In Lieu Thereof.Recon Technology Ltd - Agreed To Sell Warrants To Purchase Up To 8.8 Million Class A Ordinary Shares In A Concurrent Private Placement Transaction.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318747007,"gmtCreate":1611896229609,"gmtModify":1704865390742,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>need reddits to pump upthis real hard&nbsp;","listText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>need reddits to pump upthis real hard&nbsp;","text":"$SINGTEL(Z74.SI)$need reddits to pump upthis real hard","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/318747007","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":318747007,"gmtCreate":1611896229609,"gmtModify":1704865390742,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>need reddits to pump upthis real hard&nbsp;","listText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>need reddits to pump upthis real hard&nbsp;","text":"$SINGTEL(Z74.SI)$need reddits to pump upthis real hard","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/318747007","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125233312,"gmtCreate":1624674212536,"gmtModify":1703843346830,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125233312","repostId":"1164137597","repostType":4,"repost":{"id":"1164137597","pubTimestamp":1624671774,"share":"https://ttm.financial/m/news/1164137597?lang=&edition=fundamental","pubTime":"2021-06-26 09:42","market":"us","language":"en","title":"Alibaba: Can BABA Get Back To $300? Yes, It Can","url":"https://stock-news.laohu8.com/highlight/detail?id=1164137597","media":"seekingalpha","summary":"The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g","content":"<p><b>Summary</b></p>\n<ul>\n <li>The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.</li>\n <li>The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.</li>\n <li>Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.</li>\n <li>Alibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/814b0a9a0d17977f43665e2eba205b1e\" tg-width=\"1536\" tg-height=\"1024\"><span>Andrew Braun/iStock Editorial via Getty Images</span></p>\n<p>Alibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.</p>\n<p>There are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da7b532f25f563d08490ddc43cbede\" tg-width=\"640\" tg-height=\"337\"><span>(Source: Alibaba)</span></p>\n<p><b>The Alibaba printing press is open for business, and it spits out billions</b></p>\n<p>How many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as&nbsp;Facebook (FB),PepsiCo (PEP),Procter &amp; Gamble (PG),Target (TGT), and&nbsp;Johnson &amp; Johnson (JNJ)&nbsp;are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.</p>\n<p>Since 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.</p>\n<p>BABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates in<i>Warren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:</i></p>\n<blockquote>\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n</blockquote>\n<p>The gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.</p>\n<p>Moving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41a5e036f023fa4ced7666e06aa1de6b\" tg-width=\"640\" tg-height=\"444\"><span>(Source: Alibaba)</span></p>\n<p><b>Alibaba will continue to experience tailwinds as China's population and economy expands</b></p>\n<p>Alibaba&nbsp;achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.</p>\n<p>BABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth&nbsp;has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China&nbsp;is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey&nbsp;predicts&nbsp;that the middle class could expand to 550 million people which is larger than the entire U.S population.</p>\n<p>If the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbde4a092d19118a2d16daabf5c027d7\" tg-width=\"640\" tg-height=\"463\"><span>(Source: Blomberg)</span></p>\n<p><b>Alibaba has tremendous growth prospects in Cloud as China continues its digitization</b></p>\n<p>Cloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from&nbsp;AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.</p>\n<p>In China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in&nbsp;China&nbsp;grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.</p>\n<p>As China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1759b81ce463d503a165d901e2e50d7c\" tg-width=\"640\" tg-height=\"728\"><span>(Source: Canalys)</span></p>\n<p><b>Alibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates</b></p>\n<p>For this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:</p>\n<ul>\n <li>AMZN</li>\n <li>BABA</li>\n <li>GOOGL</li>\n</ul>\n<p>The market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.</p>\n<p><b>Conclusion</b></p>\n<p>It's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Can BABA Get Back To $300? Yes, It Can</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Can BABA Get Back To $300? Yes, It Can\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by...</p>\n\n<a href=\"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164137597","content_text":"Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.\nAlibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.\nAlibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.\n\nAndrew Braun/iStock Editorial via Getty Images\nAlibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.\nThere are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.\n(Source: Alibaba)\nThe Alibaba printing press is open for business, and it spits out billions\nHow many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as Facebook (FB),PepsiCo (PEP),Procter & Gamble (PG),Target (TGT), and Johnson & Johnson (JNJ) are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.\nSince 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.\nBABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates inWarren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:\n\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n\nThe gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.\nMoving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.\n(Source: Alibaba)\nAlibaba will continue to experience tailwinds as China's population and economy expands\nAlibaba achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.\nBABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey predicts that the middle class could expand to 550 million people which is larger than the entire U.S population.\nIf the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.\n(Source: Blomberg)\nAlibaba has tremendous growth prospects in Cloud as China continues its digitization\nCloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.\nIn China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in China grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.\nAs China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.\n(Source: Canalys)\nAlibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates\nFor this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:\n\nAMZN\nBABA\nGOOGL\n\nThe market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.\nConclusion\nIt's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165229085,"gmtCreate":1624147755947,"gmtModify":1703829319305,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165229085","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127520478,"gmtCreate":1624857583594,"gmtModify":1703846360769,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/5EB.SI\">$CFM HOLDINGS LIMITED(5EB.SI)$</a>gogo 0.10","listText":"<a href=\"https://laohu8.com/S/5EB.SI\">$CFM HOLDINGS LIMITED(5EB.SI)$</a>gogo 0.10","text":"$CFM HOLDINGS LIMITED(5EB.SI)$gogo 0.10","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/127520478","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168690622,"gmtCreate":1623973212866,"gmtModify":1703824925588,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"okay","listText":"okay","text":"okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168690622","repostId":"2144747476","repostType":4,"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161340179,"gmtCreate":1623906902491,"gmtModify":1703823221041,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161340179","repostId":"1151875977","repostType":4,"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164526389,"gmtCreate":1624230928541,"gmtModify":1703830836371,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164526389","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from&nbsp;Johnson &amp;&nbsp;Johnson,&nbsp;GlaxoSmithKline,and&nbsp;Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson &amp; Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克","FDX":"联邦快递","JNJ":"强生","DRI":"达登饭店"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124872447,"gmtCreate":1624760318389,"gmtModify":1703844579818,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/124872447","repostId":"1137119316","repostType":4,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127135523,"gmtCreate":1624839130562,"gmtModify":1703845743634,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127135523","repostId":"2146000883","repostType":4,"repost":{"id":"2146000883","pubTimestamp":1624836900,"share":"https://ttm.financial/m/news/2146000883?lang=&edition=fundamental","pubTime":"2021-06-28 07:35","market":"us","language":"en","title":"Chinese flock to home-grown brands in golden opportunity for investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000883","media":"StreetInsider","summary":"BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of","content":"<p>BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's Taobao online mall.</p>\n<p>Like with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands https://www.reuters.com/business/retail-consumer/chinese-apps-join-celebs-backlash-against-western-fashion-brands-over-xinjiang-2021-03-26 in the country.</p>\n<p>A surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.</p>\n<p>\"Once you try, you find the quality of local products is as good as foreign products,\" said the 19-year old He, who favours home-grown labels from Carslan eye shadows and Feiyue sneakers to Bestore Co snacks and Miniso homeware.</p>\n<p>Maia Active, a Sequoia Capital-backed athleisure wear maker, said its products were designed based on body measurements of Asian women and, therefore, offered local customers a better fit and more comfort than western counterparts.</p>\n<p>In lockstep with demand, investors too have been pouring funds into local consumer brands this year.</p>\n<p>Chinese consumer firms raised 69.7 billion yuan ($11 billion) from primary market investors in the first five months, more than double the year-earlier amount, according to Cygnus Equity, a Chinese boutique investment bank.</p>\n<p>\"Beauty products, food and beverage brands are the most popular. Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.</p>\n<p>Up to 200 brands are currently seeking new capital from investors, bankers and investors said.</p>\n<p>\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.</p>\n<p>Nayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.</p>\n<p>Weilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.</p>\n<p>Sequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.</p>\n<p>Its fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.</p>\n<p>LOCAL VS GLOBAL</p>\n<p>During JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.</p>\n<p>Chris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.</p>\n<p>\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.</p>\n<p>The recent Xinjiang cotton ban imposed by several global brands including H&amp;M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.</p>\n<p>Shares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.</p>\n<p>Dealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.</p>\n<p>\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese flock to home-grown brands in golden opportunity for investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese flock to home-grown brands in golden opportunity for investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18609148><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18609148\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18609148","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146000883","content_text":"BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's Taobao online mall.\nLike with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands https://www.reuters.com/business/retail-consumer/chinese-apps-join-celebs-backlash-against-western-fashion-brands-over-xinjiang-2021-03-26 in the country.\nA surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.\n\"Once you try, you find the quality of local products is as good as foreign products,\" said the 19-year old He, who favours home-grown labels from Carslan eye shadows and Feiyue sneakers to Bestore Co snacks and Miniso homeware.\nMaia Active, a Sequoia Capital-backed athleisure wear maker, said its products were designed based on body measurements of Asian women and, therefore, offered local customers a better fit and more comfort than western counterparts.\nIn lockstep with demand, investors too have been pouring funds into local consumer brands this year.\nChinese consumer firms raised 69.7 billion yuan ($11 billion) from primary market investors in the first five months, more than double the year-earlier amount, according to Cygnus Equity, a Chinese boutique investment bank.\n\"Beauty products, food and beverage brands are the most popular. Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.\nUp to 200 brands are currently seeking new capital from investors, bankers and investors said.\n\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.\nNayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.\nWeilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.\nSequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.\nIts fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.\nLOCAL VS GLOBAL\nDuring JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.\nChris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.\n\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.\nThe recent Xinjiang cotton ban imposed by several global brands including H&M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.\nShares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.\nDealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.\n\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122847632,"gmtCreate":1624613466726,"gmtModify":1703841733535,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122847632","repostId":"2146607806","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128306077,"gmtCreate":1624500132499,"gmtModify":1703838489341,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128306077","repostId":"1115102727","repostType":4,"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123095011,"gmtCreate":1624402691533,"gmtModify":1703835400308,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123095011","repostId":"1180651681","repostType":4,"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164370293,"gmtCreate":1624175370212,"gmtModify":1703830189079,"author":{"id":"3569966665288404","authorId":"3569966665288404","name":"zacdabliew","avatar":"https://community-static.tradeup.com/news/bb2e10ca69f8c8cc6ef4ad2f981171c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569966665288404","authorIdStr":"3569966665288404"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164370293","repostId":"1161408410","repostType":4,"repost":{"id":"1161408410","pubTimestamp":1624065771,"share":"https://ttm.financial/m/news/1161408410?lang=&edition=fundamental","pubTime":"2021-06-19 09:22","market":"us","language":"en","title":"Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408410","media":"benzinga","summary":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers,","content":"<p><i>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.</i></p>\n<p>If you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss:&nbsp;More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.</p>\n<p>Crazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.</p>\n<p>But the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,<b>Eddie Antar.</b></p>\n<p><b>An Audacious Start:</b>Eddie Antar was born in Brooklyn, New York,&nbsp;on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.</p>\n<p>By 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.</p>\n<p>At the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price&nbsp;all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.</p>\n<p>Some manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.</p>\n<p>The stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.</p>\n<p>But how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work&nbsp;enabled them to put their ethics on hold.</p>\n<p>“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”</p>\n<p>Sights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.</p>\n<p>Antar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.</p>\n<p>The co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.</p>\n<p><b>An Advertising Assault:</b>The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion —&nbsp;he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.</p>\n<p>Antar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>Rather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as&nbsp;his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.</p>\n<p>It was through the television commercials&nbsp;Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater —&nbsp;and stood surrounded by displays of the electronics being peddled.</p>\n<p>Each commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.</p>\n<p>Carroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.</p>\n<p>He would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>There would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.</p>\n<p>A couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.</p>\n<p><b>Not So Funny:</b>After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.</p>\n<p>But as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.</p>\n<p>Antar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.</p>\n<p>“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.</p>\n<p>\"People have a certain idea of Crazy Eddie —&nbsp;in reality, it was a dark criminal enterprise.”</p>\n<p>Antar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.</p>\n<p>Eventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable:&nbsp;Antar decided to take Crazy Eddie public.</p>\n<p><b>Hello, Wall Street:</b>Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.</p>\n<p>Two years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.</p>\n<p>Why Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.</p>\n<p>The increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.</p>\n<p>Antar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down —&nbsp;and&nbsp;while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.</p>\n<p>The company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.</p>\n<p>The chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.</p>\n<p>\"By any measure, this is a staggering securities fraud,\" said<b>Michael Chertoff</b>, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.</p>\n<p>By 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.</p>\n<p>Antar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.</p>\n<p>“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”</p>\n<p>In July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.</p>\n<p>Rather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.</p>\n<p><b>The Legend Lives On:</b>Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.</p>\n<p>Several attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.</p>\n<p>In June 2019,<b>Jon Turteltaub</b>, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.</p>\n<p>Many of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.</p>\n<p>Antar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.</p>\n<p>“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408410","content_text":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss: More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.\nCrazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.\nBut the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,Eddie Antar.\nAn Audacious Start:Eddie Antar was born in Brooklyn, New York, on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.\nBy 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.\nAt the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.\nSome manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.\nThe stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.\nBut how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work enabled them to put their ethics on hold.\n“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”\nSights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.\nAntar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.\nThe co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.\nAn Advertising Assault:The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion — he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.\nAntar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie — his prices are in-saaaaaaaaane.”\nRather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.\nIt was through the television commercials Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater — and stood surrounded by displays of the electronics being peddled.\nEach commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.\nCarroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.\nHe would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie — his prices are in-saaaaaaaaane.”\nThere would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.\nA couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.\nNot So Funny:After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.\nBut as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.\nAntar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.\n“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.\n\"People have a certain idea of Crazy Eddie — in reality, it was a dark criminal enterprise.”\nAntar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.\nEventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable: Antar decided to take Crazy Eddie public.\nHello, Wall Street:Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.\nTwo years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.\nWhy Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.\nThe increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.\nAntar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down — and while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.\nThe company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.\nThe chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.\n\"By any measure, this is a staggering securities fraud,\" saidMichael Chertoff, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.\nBy 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.\nAntar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.\n“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”\nIn July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.\nRather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.\nThe Legend Lives On:Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.\nSeveral attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.\nIn June 2019,Jon Turteltaub, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.\nMany of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.\nAntar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.\n“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. 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